Thought the following might be of interest...GO PATS!
"Performance Food Group Co. agreed to be acquired by an affiliate of Blackstone Group and Wellspring Capital Management in a deal valued at about $1.3 billion.
The deal is expected to be completed by the end of second quarter. However, the food distributor will solicit other possible higher offers.
Under the terms of the agreement, Richmond, Va.-based Performance Food shareholders will get $34.50 in cash for each outstanding share they hold, a 43% premium to Thursday's closing price of $24.19.
The merger will combine Performance Food, a marketer and distributor of food and food-related products, with Vistar Corp., a Denver-based foodservice distributor controlled by affiliates of Blackstone and Wellspring. The combined companies will operate under the name Performance Food, but each will retain its current headquarters."