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Speaker 1: As we approach lunchtime, let's get you hungry for a

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Speaker 1: hot dog. Nathan's Famous. They opened as a five cent

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Speaker 1: hot dog stand in Cody Island more than a century ago.

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Speaker 1: Sold four hundred and fifty million dollar deal. They are

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Speaker 1: now going to be owned by the meat giant Smithfield Foods.

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Speaker 1: It was an all all cash deal. Yeah, Oh my gosh,

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Speaker 1: an all cash deal, four hundred and fifty million dollar transaction. Yeah.

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Speaker 2: Now, Smithfield Foods produces a ton of food, including you know,

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Speaker 2: bacon and hot dogs. So not a surprise that the

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Speaker 2: company that's making the hot dogs is buying the brand

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Speaker 2: name that's selling the hot dogs. And Nathan's famous with

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Speaker 2: this mom and pop business. But it hasn't been that

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Speaker 2: for a long long time. The original family sold out

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Speaker 2: to investors in nineteen eighty seven. It's a publicly traded

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Speaker 2: company on the Stock Exchange. Smithfield is going to take

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Speaker 2: it private by by offering a nearly half a billion

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Speaker 2: dollars for it. But it was funny. My favorite quote

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Speaker 2: in the entire article was a question that was asked,

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Speaker 2: buy ESPN.

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Speaker 1: They're still gonna host, You're still gonna do.

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Speaker 2: Talk the fourth of July. Hot Dog eating contest.

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Speaker 1: Do you think of Nathan's. That's what you think of That's.

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Speaker 2: What everybody you know, that's their experience with nathan hot Dogs,

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Speaker 2: especially outside of New York City. Is the fourth of

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Speaker 2: July hot dog eating Contest, which Joey Chestnut wins every year,

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Speaker 2: and Smith the Field has come out and said that yes,

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Speaker 2: the annual hot dog eating contest will continue. That's all

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Speaker 2: I needed to hear from this article now.

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Speaker 1: And it's one hundred and third year, by the way,

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Speaker 1: can you imagine, Yeah.

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Speaker 2: One hundred and three years ago, started by just this

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Speaker 2: one guy and his family, and now years and years later,

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Speaker 2: it's a half a billion dollar company. Just incredible. And

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Speaker 2: Nathan's they have franchises all over the country. You can

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Speaker 2: buy Nathan's hot Dogs in the grocery store. They've really

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Speaker 2: expanded beyond that, you know original Cony Island location from

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Speaker 2: one hundred years ago.

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Speaker 1: The acquisition expected to close in the first half of

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Speaker 1: this year.