Core Viewpoint - Wanzhou International (00288) is acquiring Nathan's Famous, Inc. for $102 per share in cash, valuing the company at approximately $450 million, with the deal expected to close in the first half of this year [1] Group 1: Acquisition Details - Smithfield Foods, a subsidiary of Wanzhou International, has signed a definitive merger agreement with Nathan's Famous, Inc. [1] - The acquisition corresponds to an enterprise value of about $450 million, with an adjusted EBITDA multiple of approximately 12.4 times for the last 12 months [1] - After achieving synergies, the valuation multiple is expected to be around 10 times [1] Group 2: Financial Impact - Smithfield anticipates annual cost synergies of about $9 million within two years post-transaction [1] - The stock price of Wanzhou International rose nearly 3%, trading at HKD 9.1 with a transaction volume of HKD 70.17 million at the time of reporting [1]