US Foods shares are trading higher after the company announced a $211 million repurchase of shares from Sachem Head Capital Management LP.
Portfolio Pulse from Benzinga Newsdesk
US Foods shares are trading higher following the announcement of a $211 million share repurchase from Sachem Head Capital Management LP.
August 14, 2024 | 2:36 pm
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US Foods shares are trading higher after the company announced a $211 million repurchase of shares from Sachem Head Capital Management LP.
The share repurchase indicates confidence in the company's financial health and is likely to reduce the number of shares outstanding, which can increase earnings per share and drive the stock price higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100