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Coney Island staple Nathan’s Famous under new ownership

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Nathan’s Famous, a staple of Coney Island in New York, has sold to packaged meat company Smithfield Foods.

The all-cash deal is valued at $450 million.

Smithfield has held the rights to sell Nathan’s products in the U.S. and Canada and at Sam’s Club stores in Mexico since 2014, according to The Associated Press.

Read more from The Associated Press.

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