financetom
Business
financetom
/
Business
/
Performance Food to buy foodservice distributor Cheney Bros
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Performance Food to buy foodservice distributor Cheney Bros
Aug 14, 2024 4:16 AM

Aug 14 (Reuters) - Performance Food Group Company ( PFGC )

said on Wednesday it would acquire foodservice

distributor Cheney Bros for $2.1 billion in cash.

(Reporting by Granth Vanaik in Bengaluru; Editing by Sriraj

Kalluvila)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Xerox Stock Plummets, Cuts Full-Year Profit Outlook Despite Revenue Growth
Xerox Stock Plummets, Cuts Full-Year Profit Outlook Despite Revenue Growth
Oct 30, 2025
Xerox Holdings Corp ( XRX ) shares tumbled sharply on Thursday after the company reported its fiscal third-quarter results. The document management and technology services provider posted a 28.3% year-over-year revenue growth to $1.96 billion, missing the analyst consensus estimate of $2.04 billion. On a constant currency basis, revenue rose 27%. However, the company's bottom line topped Wall Street expectations, with adjusted earnings...
Fiserv Likely to Offer Upside After Q3 Miss, Oppenheimer Says
Fiserv Likely to Offer Upside After Q3 Miss, Oppenheimer Says
Oct 30, 2025
12:54 PM EDT, 10/30/2025 (MT Newswires) -- Fiserv ( FI ) could recover after the firm materially missed Q3 expectations, lowered its 2025 guidance, and made a significant leadership refresh, Oppenheimer said in a note Wednesday. With shares down double-digits, expectations now reset, and valuation at 9x our reduced 2026 EPS estimate, we see upside, Oppenheimer analysts said. They pointed...
--Meta Receives Record $125 Billion of Orders in Bond Sale, Bloomberg Reports
--Meta Receives Record $125 Billion of Orders in Bond Sale, Bloomberg Reports
Oct 30, 2025
12:58 PM EDT, 10/30/2025 (MT Newswires) -- Price: 673.54, Change: -78.13, Percent Change: -10.39 ...
Navient Takes Hit on Loan Loss Reserves, Looks Forward to Federal Student Loan Reform, Morgan Stanley Says
Navient Takes Hit on Loan Loss Reserves, Looks Forward to Federal Student Loan Reform, Morgan Stanley Says
Oct 30, 2025
12:56 PM EDT, 10/30/2025 (MT Newswires) -- Navient ( NAVI ) is managing higher expected credit losses on older loan portfolios but is optimistic about opportunities arising from federal student loan reform, Morgan Stanley said in a Wednesday note. The company's Q3 EPS missed expectations mainly due to increased loan loss reserves, which reflect its projection of a longer forward...
Copyright 2023-2026 - www.financetom.com All Rights Reserved