Brief: Performance Food Group Company Announces Agreement To Acquire Cheney Bros

Performance Food

14/08/2024 11:53

Aug 14 (Reuters) - Performance Food Group Co  PFGC.N :
    * PERFORMANCE FOOD GROUP COMPANY ANNOUNCES AGREEMENT TO
ACQUIRE
CHENEY BROS, INC.
    * PERFORMANCE FOOD GROUP CO - PFG TO ACQUIRE CHENEY BROS FOR
$2.1
BILLION
    * PERFORMANCE FOOD GROUP CO - ACQUISITION TO GENERATE $50
MILLION
ANNUAL SYNERGIES
    * PERFORMANCE FOOD GROUP CO - DEAL TO BE ACCRETIVE TO
ADJUSTED
DILUTED EPS BY END OF FIRST FULL FISCAL YEAR
    * PERFORMANCE FOOD GROUP - $2.1 BILLION PURCHASE PRICE IS
EXPECTED
TO BE FINANCED WITH BORROWING ON CO'S ABL FACILITY AND NEW
SENIOR UNSECURED NOTES

Source text for Eikon:  ID:nBw5bCwnha 
Further company coverage:  PFGC.N 

 (Reuters.Briefs@thomsonreuters.com)