** Shares of hot dog brand Nathan’s Famous NATH.O up 8.7% at $100.80 premarket

** Packaged meat products company Smithfield Foods SFD.O to buy NATH for $102 per share in all-cash deal

** The $450 million deal represents a near 10% premium to NATH's last closing price

** Smithfield says deal will immediately add to its adjusted EPS from continuing operations; expects to save about $9 million by the second year after deal closes

** SFD shares barely traded premarket

** As of last close, NATH up ~22% over the past year

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))