Shares of Performance Food Group (NYSE:PFGC) surged by 5% on Friday after reports surfaced suggesting that rival distributor US Foods may be eyeing the company for a potential takeover.
According to Bloomberg News, US Foods has shown interest in acquiring Performance Food Group, fueling investor speculation about a possible merger that could reshape the U.S. foodservice distribution landscape.
Headquartered in Richmond, Virginia, Performance Food Group is a major supplier to a wide range of clients, including restaurants, schools, hospitals, and corporate dining services. The company ranks among the top food distributors in the country.
While neither company has issued a public statement confirming the report, the market reaction reflects expectations that such a deal would create a formidable new player capable of challenging industry giant Sysco Corporation (NYSE: SYY).
Performance Food Group stock price
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