Swift has agreed to be acquired for $135 million.

John A. Copeland, Swift Independent’s chairman and chief executive, said that Swift has executed a definitive agreement for the buy-out by the Edwin L. Cox Jr. family of Dallas for about $135 million. The Chicago-based meat processor said the Cox family agreed to pay $21 in cash and $7 in preferred stock for each outstanding common share of Swift. The company said the Cox interests already have acquired 1.75 million common shares, or 35%, of Swift’s outstanding stock for $25 a share.