HORMEL FOODS CORP /DE/ (HRL) Form 8-K — Sep 30, 2026
Hormel Foods entered into a Membership Interest Purchase Agreement on September 29, 2026 to acquire all membership interests of Brakebush Brothers, LLC, a poultry processor, from Brakebush Holdings for a base purchase price of $1.055 billion in cash. Closing is expected in Hormel's fiscal first quarter of 2027, subject to HSR antitrust clearance and customary conditions, with an outside date of March 29, 2027 extendable by three months for regulatory approvals. Shareholders holding at least 80% of Seller's voting shares have signed a support agreement.
Key figures
- Deal Value Usd
- 1055000000
- Outside date
- March 29, 2027 (with automatic three-month extension for regulatory approvals)
- Nwc target amount
- 166600000
- Non executive transaction bonuses
- 7000000
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