Performance Foods Merger Report; Drone Stocks Higher; Warner Bros
On this episode of Stock Movers:- Performance Food Group Co. (PFGC) is higher on Bloomberg's report that Performance Food Group Co. has attracted takeover interest from US Foods Holding Corp., a potential deal that would create a food distribution company with combined sales of roughly $100 billion. Sources say Rosemont, Illinois-based US Foods has been evaluating an acquisition of Performance Food and expressed interest about a potential combination in recent months.- US Foods Holding Corp. (USFD) is lower this morning on the merger news with PFGC. Shares of US Foods have risen more than 50%…
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