CORE News and Press, Core-Mark Holding Company Inc. From 05/24/21

Activist hedge fund Engaged Capital is said to have exited its position in Core-Mark (CORE) after the company agreed to sell itself to Performance Foods (PFGC) last week.Engaged Capital, run by Glenn Welling, invested in Core-Mark about six months ago and made a 50% return on its investment, ...

Canadian National wins the bid for Kansas City but with a regulatory twist. Movie rental company Redbox decides to take the SPAC route to go public. Consolidation in the regional banking space continues with Glacier Bancorp acquiring Altabancorp. For further details see: ...

Core-Mark Holdings (CORE), which agreed to a deal to sell itself to Performance Food Group (PFGC) on Tuesday in a stock and cash deal, continues to trade at a premium to the transaction price and has since the deal was announced.Trading at a premium to a deal price is not typical as most comp...

BTIG defends Performance Food Group ([[PFGC]] -0.3%) after the company announced its intention to acquire Core-Mark ([[CORE]] +1.7%). Analyst Peter Saleh thinks the deal significantly expands PGFC's presence in the convenience store channel by creating the second-largest distributor in the sp...

Performance Food's (PFGC) 6% selloff in the wake of its planned purchase of Core-Mark Holdings (CORE) appears to be overdone, though it's "not exactly what most people wanted," according to Wells Fargo. Core-Mark gained 6.9%.Core-Mark appears to be a "lower-quality" asset compared t...

Engaged Capital's recent 13F filing indicates a total of nine holdings valued at an aggregate of $1.38B.New positions - Core-Mark (CORE) which has generated a 17% return from Mar 1 till date.It added further stakes in NCR (NCR).The fund exited Magellan Health (MGLN)Quotient Technology (QUOT) ...

Acquisition expands PFG’s geographic reach and market diversification into the growing convenience store channel, adding approximately $17 billion to net sales, resulting in total PFG pro-forma LTM net sales of approximately $44 billion Adds a complementary customer-cen...

Core-Mark Holdings (CORE) rose 0.9% on some unconfirmed takeover speculation.Core-Mark reportedly received a takeover approach from Performance Food Group (PFGC), according a StreetInsider report, which cites a source.Performance Foods fell 2%.Earlier this month, Core-Mark EPS beats...

Core-Mark Holding Company Inc (CORE) Q1 2021 Earnings Conference Call May 06, 2021 8:00 AM ET Company Participants David Lawrence – Vice President, Treasury and Investor Relations Scott McPherson – President, Chief Executive Officer Chris Miller – Chief Financial Officer ...

Image source: The Motley Fool. Core-Mark Holding Company, Inc. (NASDAQ: CORE) Q1 2021 Earnings Call May 7, 2021 , 9:00 p.m. ET Operator Continue reading For further details see: Core-Mark Holding Company, Inc. (CORE) Q1 2021 Earnings Call...