Performance Food jumps on report of takeover interest from peer US Foods

ReutersJul 11, 2025 11:04 AM

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Shares of food distributor Performance Food Group PFGC.N up 9.2% at $98.74 in premarket trading

PFGC has drawn takeover interest from US Foods Holding USFD.N, Bloomberg News reports, citing people familiar with the matter

Shares of Rosemont, Illinois-based US Foods down 1.2% before the bell

USFD has been evaluating an acquisition of PFGC and expressed interest about a potential combination in recent months, according to the report

No certainty the deliberations will lead to a transaction, the report added

So far this year, PFGC stock has risen ~7%, while USFD is up 19% YTD

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