US Foods (USFD) will exchange confidential information with Performance Food Group (PFGC) pursuant to a mutually agreed clean team process. US Foods stated that it is “pleased” with PFG’s decision to engage in an effort to explore the regulatory considerations and synergies of a potential combination. There can be no assurance that this information sharing will result in any transaction proposal, or any assurance as to its outcome or timing.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on USFD:
- Oracle surges on cloud outlook, Novo to cut 9,000 jobs: Morning Buzz
- US Foods backs FY25 adjusted diluted EPS growth of 19.5%-23%
- US Foods backs 2025-2027 long-range plan growth algorithm
- US Foods price target raised to $85 from $77 at Piper Sandler
- Performance Food Group upgraded to Overweight from Neutral at Piper Sandler