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

US Foods Holding

11/07/2025 16:05

Updates

** 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

 (Reporting by Savyata Mishra and Neil J Kanatt in Bengaluru)

 ((Savyata.Mishra@thomsonreuters.com))