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PFGC - Performance Food: Core-Mark Acquisition Adds To The Growth Opportunity
Performance Food Group Company
Performance Food announces the proposed acquisition of Core-Mark in a c. $2.5 billion cash and stock deal.
The acquisition makes good sense strategically and financially, with an accretive outcome largely dependent on management's ability to unlock synergies.
With shares dipping post-announcement, I would be a buyer at current levels.