Smithfield Foods Announces Launch of Secondary Offering of Common Stock

Core Viewpoint - Smithfield Foods, Inc. is launching a secondary public offering of 16,000,000 shares of common stock, with no proceeds going to the company itself [1] Group 1: Offering Details - The offering will be conducted by SFDS UK Holdings Limited, the principal shareholder of Smithfield Foods [1] - The underwriters will have a 30-day option to purchase up to 2,400,000 additional shares at the public offering price [1] - Smithfield Foods will not sell any shares in this offering and will not receive any proceeds from the sale [1] Group 2: Underwriters - Morgan Stanley, BofA Securities, and Barclays are acting as joint lead book-running managers for the proposed offering [2] Group 3: Regulatory Information - A registration statement, including a prospectus, has been filed with the SEC but is not yet effective, meaning securities cannot be sold until it becomes effective [4] - The offering will be made only by means of a prospectus, which will be available for free on the SEC website and from the underwriters [3]