US Foods Announces $211M Repurchase of Shares From Sachem Head Capital Management LP
Portfolio Pulse from Benzinga Newsdesk
US Foods announced a $211 million repurchase of shares from Sachem Head Capital Management LP. This move is part of the company's ongoing efforts to manage its capital structure and return value to shareholders.
August 13, 2024 | 8:35 pm
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US Foods announced a $211 million repurchase of shares from Sachem Head Capital Management LP. This move is part of the company's ongoing efforts to manage its capital structure and return value to shareholders.
The share repurchase indicates a strong financial position and a commitment to returning value to shareholders, which is likely to positively impact the stock price in the short term.
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