07:57 AM EDT, 09/03/2025 (MT Newswires) -- Smithfield Foods ( SFD ) said Wednesday its principal shareholder, SFDS UK Holdings, will sell 16 million shares of the company.

The company said the selling shareholder has also granted underwriters a 30-day option to purchase up to 2.4 million additional shares at the public offering price, less underwriting discounts and commissions.

Smithfield itself is not selling any shares and will not receive any proceeds from the sale, the company added.