Aug 14 (Reuters) - Performance Food Group Co ( PFGC ):

* PERFORMANCE FOOD GROUP COMPANY ANNOUNCES AGREEMENT TO

ACQUIRE

CHENEY BROS, INC.

* PERFORMANCE FOOD GROUP CO ( PFGC ) - PFG TO ACQUIRE CHENEY BROS FOR

$2.1

BILLION

* PERFORMANCE FOOD GROUP CO ( PFGC ) - ACQUISITION TO GENERATE $50

MILLION

ANNUAL SYNERGIES

* PERFORMANCE FOOD GROUP CO ( PFGC ) - DEAL TO BE ACCRETIVE TO

ADJUSTED

DILUTED EPS BY END OF FIRST FULL FISCAL YEAR

* PERFORMANCE FOOD GROUP ( PFGC ) - $2.1 BILLION PURCHASE PRICE IS

EXPECTED

TO BE FINANCED WITH BORROWING ON CO'S ABL FACILITY AND NEW

SENIOR UNSECURED NOTES

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