Performance Food Group Company announced an information sharing agreement with US Foods Holding Corp.
The agreement allows for the evaluation of regulatory considerations and synergies for a potential business combination.
The companies are initiating a clean team process to analyze detailed confidential information.
Information Sharing Agreement
PFG and US Foods are exploring a potential business combination through information sharing.
Clean Team Process
Independent lawyers, economists, and consultants will analyze detailed confidential information for the evaluation.
Advisors on Board
JP Morgan and BofA Securities serving as financial advisors; Skadden, Arps, Slate, Meagher & Flom LLP serving as legal advisor.
- The agreement marks a step towards potential business combination between PFG and US Foods.
- Engagement with large stockholders and dialogue continuation show commitment to exploring opportunities.
- Advisors' role indicates strategic planning and analysis for the potential combination.
Performance Food Group Company's move towards information sharing with US Foods signifies a strategic step in exploring potential synergies and regulatory considerations for a business combination.