US Foods Reports Secondary Public Offering of 17.4M Shares Of Common Stock and Concurrent $150M Share Repurchase
Portfolio Pulse from Benzinga Newsdesk
US Foods announced a secondary public offering of 17.4 million shares of common stock and a concurrent $150 million share repurchase. The offering is by KKR Fresh Holdings L.P., and US Foods will not receive any proceeds from the sale.
May 23, 2023 | 10:41 am
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US Foods' secondary public offering of 17.4 million shares and $150 million share repurchase may impact its stock price.
US Foods is conducting a secondary public offering of 17.4 million shares and a concurrent $150 million share repurchase. While the offering is by KKR Fresh Holdings L.P., and US Foods will not receive any proceeds from the sale, the increased supply of shares in the market and the repurchase may lead to short-term fluctuations in the stock price. However, it is difficult to predict the exact direction of the stock price movement.
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