Smithfield Foods Inc. (SFD) announced that it has priced its underwritten registered public offering of 21.66 million shares of its common stock at $13.85 per share.
The Company has also granted the underwriters a 30-day option to purchase up to an additional 3.25 million shares of common stock to cover over-allotments, if any.
The company said that it intends to use the net proceeds from the offering for working capital and general corporate purposes, with a goal of continuing to strengthen its balance sheet, which may include the retirement of debt.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.