Performance Food Group Company Announced A Deal To Acquire Cheney Bros., Inc. For $2.1B In Cash
Portfolio Pulse from Benzinga Newsdesk
Performance Food Group Company (PFGC) announced a deal to acquire Cheney Bros., Inc. for $2.1 billion in cash.

August 14, 2024 | 10:47 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Performance Food Group Company (PFGC) announced a deal to acquire Cheney Bros., Inc. for $2.1 billion in cash.
The acquisition of Cheney Bros., Inc. for $2.1 billion in cash is a significant move for Performance Food Group Company (PFGC). This deal is likely to expand PFGC's market reach and operational capabilities, potentially leading to increased revenues and market share. Investors may view this acquisition positively, driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100