Performance Food Group Completes Acquisition Of Cheney Bros; Says FY25 Outlook Now Includes Expected Business Results For Cheney Brothers Beginning October 8
Portfolio Pulse from Benzinga Newsdesk
Performance Food Group has completed its acquisition of Cheney Bros, and its fiscal year 2025 outlook now includes expected business results from Cheney Brothers starting October 8.
October 08, 2024 | 8:23 pm
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POSITIVE IMPACT
Performance Food Group has successfully acquired Cheney Bros, and will include its business results in the FY25 outlook starting October 8. This acquisition could enhance PFGC's market position and financial performance.
The acquisition of Cheney Bros by Performance Food Group is likely to positively impact PFGC's stock price in the short term as it expands their business operations and market reach. The inclusion of Cheney Bros' results in the FY25 outlook suggests confidence in improved financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100