Chinese-owned pork producer gobbles up iconic American hot dog maker

It looks like a case of wiener take all.

Nathan’s Famous, an iconic American hot dog maker and fast-food chain, was sold to Smithfield Inc., a Chinese-owned pork producer, in a $450 million all-cash deal.

The two companies announced the merger in a statement Tuesday. Smithfield Foods will acquire all of Nathan’s Famous shares for $102 each, according to the announcement.

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