Nathan's Famous hot dogs sold in deal worth $450 million

Nathan's Famous hot dogs is being sold to packaged meat giant Smithfield Foods in a deal worth $450 million. The Coney Island icon started as a stand that sold 5-cent hot dogs more than a century ago. More recently, it's faced pressure from rising prices. Shares of Nathan's closed more than 8% higher on Thursday after the news. Watch PBS News for daily, breaking and live news, plus special coverage. We are home to PBS News Hour, ranked the most credible and objective TV news show. Sign up for Here's The Deal with Lisa Desjardins: https://to.pbs.org/41q6E8i Subscribe for exclusive content in our newsletters: https://www.pbs.org/newshour/subscribe PBS News podcasts: https://www.pbs.org/newshour/podcasts Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG Find more from PBS News at https://www.pbs.org/newshour Subscribe to our YouTube channel: https://bit.ly/2HfsCD6 Follow us: TikTok: https://www.tiktok.com/@pbsnews X: http://www.twitter.com/newshour Instagram: http://www.instagram.com/newshour Facebook: http://www.pbs.org/newshour