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Stock impact report

Performance Food says Sachem Head's Ferguson joins board [Yahoo! Finance]

Performance Food Group Company (PFGC) 
Last performance food group company earnings: 2/5 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.pfgc.com
Company Research Source: Yahoo! Finance
Performance Food Group, the company said on Tuesday, at a time the hedge fund is urging the food distributor to consider merging with rival US Foods Holding. Less than five weeks ago, Ferguson's Sachem Head Capital Management nominated four director candidates to Performance Food's board. Last week, Performance Food and US Foods signed an agreement to exchange sensitive financial information without violating anti-trust laws. If Performance merged with US Foods, the two companies could rival the industry leader Sysco, which has 17% of the market share. Performance Food's board will grow by one, to 13 members and Ferguson will join the Audit and Finance Committee. "This outcome is the result of constructive engagement with Scott and his team and demonstrates our Board's openness to fresh perspectives," Performance Food's CEO George Holm said in a statement. "I look forward to working alongside Scott and the rest of the Board as we continue to grow our business to drive sharehol Show less Read more
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