What Does This $450 Million Acquisition Mean for Smithfield Foods (SFD)

Smithfield Foods Inc. (NASDAQ:SFD) is one of the 7 best mid-cap consumer defensive stocks to buy. On March 9, Smithfield Foods Inc. (NASDAQ:SFD) shared that the company is expected to complete its $450 million acquisition of Nathan’s Famous Inc. (NASDAQ:NATH) during the first half of the year. Smithfield has full brand ownership and strategic control over Nathan’s long-standing licensing relationship because of the agreement. Copyright: bhofack2 / 123RF Stock Photo The company claims that the transacti ...