US Foods Announces Pricing Of Secondary Public Offering Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
US Foods has announced the pricing of its secondary public offering of common stock at $34.50 per share. The offering is expected to close on February 18.
May 23, 2023 | 1:13 pm
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US Foods (USFD) has priced its secondary public offering of common stock at $34.50 per share, with the offering expected to close on February 18.
The announcement of the pricing of US Foods' secondary public offering provides clarity for investors. However, the short-term impact on the stock price is neutral as the market has likely already priced in the offering. The closing date of February 18 is also a factor to consider for short-term investors.
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