Mergers & Acquisitions
Performance Food Group Company - The Blackstone Group and Wellspring Capital Management Complete Acquisition of Performance Food Group
2008 JUN 9 - (VerticalNews.com) -- Performance Food Group Company announced that the previously announced acquisition of the Company by affiliates of The Blackstone Group (NYSE: BX) and Wellspring Capital Management has been completed. The transaction is valued at approximately $1.4 billion. Performance Food Group is being merged with a wholly owned subsidiary of VISTAR Corporation, a leading specialty foodservice distributor controlled by affiliates of Blackstone and Wellspring. The newly combined company, known as Performance Food Group, is expected to have revenues approaching $10 billion and more than 10,000 associates. Under the terms of the merger agreement, Performance Food Group shareholders will receive $34.50 in cash for each outstanding share of PFG common stock held as of 4:00 P.M (EDT) on May 23, 2008. As a result of the merger, Performance Food Group Company's common stock was delisted and ceased trading on the NASDAQ Global Select Market as of such time ...read more
Performance Food Group Company - Performance Food Group Company to Report First Quarter 2008 Results
2008 MAY 12 - (VerticalNews.com) -- Performance Food Group Company (NASDAQ/NGS:PFGC) announced that it will release its results for the first quarter ended March 29, 2008 on Tuesday, May 6, 2008. The earnings release will be available online at www.pfgc.com and will be filed with the Securities and Exchange Commission. As a result of the Company's execution of the previously announced merger agreement that provides for the merger of Performance Food Group Company with an affiliate of The Blackstone Group and Wellspring Capital Management LLC, the Company will not host a conference call or webcast on its first quarter 2008 results ...read more
Performance Food Group Company - Performance Food Group Company to Report First Quarter 2008 Results
2008 MAY 12 - (VerticalNews.com) -- Performance Food Group Company (NASDAQ/NGS:PFGC) announced that it will release its results for the first quarter ended March 29, 2008 on Tuesday, May 6, 2008. The earnings release will be available online at www.pfgc.com and will be filed with the Securities and Exchange Commission. As a result of the Company's execution of the previously announced merger agreement that provides for the merger of Performance Food Group Company with an affiliate of The Blackstone Group and Wellspring Capital Management LLC, the Company will not host a conference call or webcast on its first quarter 2008 results ...read more
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