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An announcement from Performance Food Group (PFGC) is now available.
Performance Food Group Company has announced the acquisition of Cheney Brothers, Inc. for $2.095 billion, with the deal subject to customary adjustments and various closing conditions, including regulatory approvals. The agreement includes termination rights and conditions, and the company has taken out a customary representations and warranties insurance policy to cover certain potential losses. This major transaction is part of Performance Food Group’s strategic growth initiatives, with the company also issuing a press release and planning an investor presentation to discuss the details of the acquisition.
For detailed information about PFGC stock, go to TipRanks’ Stock Analysis page.