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

ReutersJul 11, 2025 3:05 PM

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Shares of food distributor Performance Food Group PFGC.N rise as much as 5.2% to a record high of $95.10

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

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

As of last close, PFGC stock had risen ~7%, while USFD is up 19% YTD

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