Smithfield Foods Announces Pricing of Upsized Secondary Offering of Common Stock
1. Smithfield Foods announced a secondary offering of 19.5 million shares. 2. Shares priced at $23.25; underwriters granted an option for more shares. 3. Company won't receive proceeds from the secondary offering. 4. The offering closes on September 8, 2025, subject to conditions. 5. Major investment banks are managing the offering.