Feb 2 (Reuters) - Food distributor Sysco Corp said it would sell 11 distribution centers run by takeover target US Foods Inc to far smaller rival Performance Food Group if skeptical antitrust...
distributor Sysco Corp said it would sell 11 distribution centers run by takeover target US Foods Inc [USFOO.UL] to Performance Food Group to satisfy antitrust concerns.Sysco's $3.5 billion offer for US Foods is awaiting approval from the Federal
Feb 2 (Reuters) - Food distributor Sysco Corp said it would sell 11 distribution centers run by takeover target US Foods Inc to Performance Food Group to satisfy antitrust concerns.
as a modest retraction in profits) took a back seat to the news that the firm plans to divest 11 facilities to Performance Food Group to win favor with regulators for its proposed acquisition of US Foods (which was announced in December 2013
positioning and our narrow moat rating. Sysco's profitability surpasses its closest peers--US Foods and Performance Food Group --on both the gross and operating income lines, and its sales per square foot are about 1.5 times that of
food-service market, more than double the 8% share U.S. Foodservice possesses and 4 times the 4% share held by Performance Food Group . While acquiring smaller local and regional distributors (with sales of $10 million-$400 million) is still
helm of UNFI was made following the abrupt departure of Steven Townsend in 2005. Spinner is the former CEO of Performance Food Group , and he has considerable experience in distribution. We hope he will bring some operational discipline to UNFI
We are discontinuing coverage of Performance Food Group PFGC following the closure of the acquisition of the food-service firm by a consortium of private-equity investors.
for Sysco, especially given that there are no publicly traded food-service distributors left for comparison. Performance Food Group PFGC had always been a good benchmark for Sysco, but that firm is in the process of being acquired.
We expect to adjust our fair value estimate slightly for Performance Food Group PFGC following news that the firm has agreed to be acquired by a consortium of private-equity firms for about $1.3 billion