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

Performance Food

11/07/2025 12:04

** 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

 (Reporting by Savyata Mishra in Bengaluru)

 ((Savyata.Mishra@thomsonreuters.com))