Smithfield Foods Announces Pricing of Upsized Secondary Offering of Common Stock
Smithfield Foods (Nasdaq: SFD), a leading American food company specializing in value-added packaged meats and fresh pork, has announced the pricing of an upsized secondary public offering. The company's principal shareholder, SFDS UK Holdings Limited, will sell 19,531,698 shares at $23.25 per share.
The underwriters have been granted a 30-day option to purchase up to 2,929,754 additional shares at the same public offering price. Morgan Stanley, BofA Securities, and Barclays are serving as joint lead book-running managers, with Goldman Sachs, Citigroup, and BNP Paribas acting as joint book-running managers. The offering is expected to close on September 8, 2025.
Importantly, Smithfield Foods will not receive any proceeds from this secondary offering, as all shares are being sold by the existing shareholder.
Smithfield Foods (Nasdaq: SFD), importante azienda alimentare statunitense specializzata in carni confezionate a valore aggiunto e suino fresco, ha comunicato il prezzo di un aumento di capitale tramite offerta pubblica secondaria sovradimensionata. L'azionista di controllo, SFDS UK Holdings Limited, venderà 19.531.698 azioni a 23,25 $ per azione.
Ai sottoscrittori è stata concessa un'opzione di 30 giorni per acquistare fino a 2.929.754 azioni aggiuntive allo stesso prezzo dell'offerta pubblica. Morgan Stanley, BofA Securities e Barclays sono i joint lead book-running managers, mentre Goldman Sachs, Citigroup e BNP Paribas operano come joint book-running managers. La chiusura dell'offerta è prevista per il 8 settembre 2025.
È importante notare che Smithfield Foods non riceverà proventi da questa offerta secondaria, poiché tutte le azioni saranno vendute dall'azionista esistente.
Smithfield Foods (Nasdaq: SFD), una destacada empresa alimentaria estadounidense especializada en carnes envasadas de valor añadido y cerdo fresco, ha anunciado el precio de una oferta pública secundaria ampliada. El accionista principal, SFDS UK Holdings Limited, venderá 19.531.698 acciones a 23,25 $ por acción.
A los suscriptores se les ha otorgado una opción de 30 días para comprar hasta 2.929.754 acciones adicionales al mismo precio de la oferta pública. Morgan Stanley, BofA Securities y Barclays actúan como joint lead book-running managers, y Goldman Sachs, Citigroup y BNP Paribas como joint book-running managers. Se espera que la operación cierre el 8 de septiembre de 2025.
Es importante destacar que Smithfield Foods no recibirá ingresos por esta oferta secundaria, ya que todas las acciones serán vendidas por el accionista existente.
Smithfield Foods (Nasdaq: SFD)는 부가가치 포장육 및 신선 돼지고기 전문의 미국 주요 식품회사로서, 증액된 2차 공개매도의 가격을 발표했습니다. 주요 주주인 SFDS UK Holdings Limited는 주당 23.25달러에 19,531,698주를 매도합니다.
인수단에는 동일한 공모가로 최대 2,929,754주 추가 매수할 수 있는 30일 옵션이 부여되었습니다. Morgan Stanley, BofA Securities, Barclays가 공동 대표 주관을 맡았고, Goldman Sachs, Citigroup, BNP Paribas가 공동 주관사로 참여합니다. 거래는 2025년 9월 8일 마감될 예정입니다.
중요한 점은, 이번 2차 공모로 인한 수익은 기존 주주가 주식을 판매하는 것이므로 Smithfield Foods에는 돌아가지 않는다는 것입니다.
Smithfield Foods (Nasdaq: SFD), une grande entreprise alimentaire américaine spécialisée dans les viandes emballées à valeur ajoutée et le porc frais, a annoncé le prix d'une offre publique secondaire augmentée. L'actionnaire principal, SFDS UK Holdings Limited, vendra 19 531 698 actions à 23,25 $ par action.
Les tireurs ont reçu une option de 30 jours pour acheter jusqu'à 2 929 754 actions supplémentaires au même prix public d'offre. Morgan Stanley, BofA Securities et Barclays agissent en tant que co-leaders book-running managers, tandis que Goldman Sachs, Citigroup et BNP Paribas sont co-book-running managers. La clôture de l'offre est prévue le 8 septembre 2025.
Il est important de noter que Smithfield Foods ne recevra aucun produit de cette offre secondaire, toutes les actions étant vendues par l'actionnaire existant.
Smithfield Foods (Nasdaq: SFD), ein führendes US-Lebensmittelunternehmen, das sich auf wertgeschöpfte Verpackungsfleischprodukte und frisches Schweinefleisch spezialisiert hat, hat die Preisfestsetzung für eine aufgestockte sekundäre öffentliche Platzierung bekannt gegeben. Der Hauptaktionär SFDS UK Holdings Limited wird 19.531.698 Aktien zu je 23,25 $ verkaufen.
Den Zeichnern wurde eine 30-tägige Option eingeräumt, bis zu 2.929.754 zusätzliche Aktien zum gleichen Ausgabepreis zu erwerben. Morgan Stanley, BofA Securities und Barclays fungieren als gemeinsame Lead-Book-Running-Manager, Goldman Sachs, Citigroup und BNP Paribas als gemeinsame Book-Running-Manager. Der Abschluss der Platzierung wird für den 8. September 2025 erwartet.
Wichtig ist, dass Smithfield Foods aus dieser Sekundärplatzierung keine Erlöse erhält, da alle Aktien vom bestehenden Aktionär verkauft werden.
- None.
- Large secondary offering of 19.5M shares could create selling pressure on the stock
- Principal shareholder reducing stake signals potential lack of confidence
- Company receives no proceeds from the offering to fund operations or growth
Insights
Principal shareholder SFDS UK Holdings selling 19.5M+ shares at $23.25, potentially reducing their stake in Smithfield Foods substantially.
This secondary offering announcement reveals SFDS UK Holdings Limited, Smithfield's principal shareholder, is selling 19,531,698 shares at
The pricing indicates a transaction value of approximately
Critically, Smithfield Foods isn't selling any shares itself and won't receive proceeds from this transaction. This is purely a move by the major shareholder to monetize part of their holdings. Such large secondary offerings typically signal a strategic shift in ownership structure and can temporarily increase supply pressure on the stock.
The timing and size suggest SFDS UK Holdings is taking advantage of current market conditions to reduce their position while maintaining sufficient liquidity for the transaction. The involvement of six major investment banks indicates this is a carefully orchestrated offering designed to minimize market impact while accommodating the substantial block sale.
SMITHFIELD, Va., Sept. 04, 2025 (GLOBE NEWSWIRE) -- Smithfield Foods, Inc. (Nasdaq: SFD) (the “Company”), an American food company and an industry leader in value-added packaged meats and fresh pork, today announced the pricing of a secondary public offering of 19,531,698 shares of common stock of the Company sold by SFDS UK Holdings Limited, the principal shareholder of the Company, at a price to the public of
Morgan Stanley, BofA Securities and Barclays are acting as joint lead book-running managers for the proposed offering. Goldman Sachs & Co. LLC, Citigroup and BNP Paribas are acting as joint book-running managers.
A registration statement, including a prospectus, relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission (the “SEC”). The offering is being made only by means of a prospectus. Copies of the final prospectus related to this offering, when available, may be obtained for free by visiting EDGAR on the SEC website at www.sec.gov. The prospectus relating to the proposed offering may also be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attn: Prospectus Department, by email at dg.prospectus_requests@bofa.com; and Barclays Capital Inc., Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would not be permitted.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this press release, including statements regarding the proposed offering, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “shall,” “should,” “expects,” “plans,” “anticipates,” “intends,” “projects,” “contemplates,” “believes,” or “estimates” or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, the results, events and circumstances reflected in the forward-looking statements may not be achieved or occur, and actual results, events or circumstances could differ materially from those described in the forward-looking statements. We undertake no duty to update any statement made in this press release in light of new information or future events. The forward-looking statements contained in this press release are subject to substantial risks and uncertainties that could affect our current expectations and our actual results. A detailed discussion of these uncertainties and risks that affect our business is contained in our SEC filings, including our reports on Form 10-K and Form 10-Q, particularly under the heading “Risk Factors.”
About Smithfield Foods
Smithfield Foods, Inc. (Nasdaq: SFD) is an American food company with a leading position in packaged meats and fresh pork products. With a diverse brand portfolio and strong relationships with U.S. farmers and customers, we responsibly meet demand for quality protein around the world.
Investor Contact:
Julie MacMedan
Email: ir@smithfield.com
Media Contact:
Ray Atkinson
Email: ratkinson@smithfield.com
Cell: 757.576.1383
FAQ
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