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Stock impact report

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

US Foods Holding Corp. (USFD) 
Last us foods holding corp. earnings: 2/11 06:45 am Check Earnings Report
US:NYSE Investor Relations: usfoods.com/investors.html
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 shareholder value." Holm had told analysts in August that there was no basis to engage with US Foods about a possible tie-up. Sachem Head, which built its current Show less Read more
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