US Foods up after ending Performance Food merger talks, $1 billion buyback plan

Performance Food

24/11/2025 17:13

** Shares of US Foods Holding USFD.N up 8% at $76.79

** Performance Food Group PFGC.N and USFD will no longer pursue potential merger

** Move comes roughly two months after the food distributors agreed to exchange sensitive financial information without violating antitrust laws

** USFD also announces a new $1 billion share repurchase authorization

** As of last close, stock up 5.4% YTD

 (Reporting by Koyena Das)

 ((Koyena.das@thomsonreuters.com))