Performance Food Group, US Foods Scrap Merger Talks
Performance Food Group and US Foods Holdings have called off talks to merge in a deal that would have created a food-distribution giant rivaling top player Sysco.
The companies on Monday said they mutually agreed to end an information-sharing process and will no longer pursue a potential combination.
Performance and US Foods said they each determined that the pursuit of their own standalone plans was in the best interest of their shareholders, and both companies reaffirmed their financial guidance...
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