Core-Mark Hldg Co Inc

NASDAQ:CORE   2:01:05 PM EDT
44.55
-0.65 (-1.44%)
Other Pre-Announcement

Performance Food Group Says Transaction Values Core-Mark At ~$2.5 Billion

Published: 05/18/2021 11:20 GMT
Core-Mark Hldg Co Inc (CORE) - Performance Food Group Company to Acquire Core-mark.
Performance Food Group Co - Core-mark Shareholders Will Receive $23.875 per Share in Cash and 0.44 Pfg Shares for Each Core-mark Share.
Performance Food Group Co - Transaction Values Core-mark at Approximately $2.5 Billion.
Performance Food Group Co - Upon Closing of Transaction, Core-mark Shareholders Will Own Approximately 13% of Combined Company.
Performance Food Group Co - .
Core-mark Expects to Continue Paying Its Current Quarterly Dividend Through Completion of Transaction.
Performance Food Group Co - Tom Wake Will Continue As President and Chief Executive Officer of Eby-brown.
Performance Food Group Co - Deal Expected to Generate About $40 Million of Annual Net Cost Synergies, Achieved by Thirdfull Year Following Close.
Performance Food Group Co - Expanded Convenience Business Will Operate Under Core-mark Brand.
Performance Food Group Co - Eby-brown to Maintain Ongoing Operations in Naperville.
Performance Food Group Co - Scott Mcpherson Will Continue in His Role As President and CEO of Core-mark.
Performance Food Group Co - Deal Expected to Be Accretive to Adjusted EPS in First Full Fiscal Year Following Closing of Transaction.
Performance Food Group Co - Transaction is Not Subject to Pfg Shareholder Approval.
Performance Food - Expects to Fund Cash Portion of Deal With Borrowing From Asset-based Revolving Credit Facility, New Senior Unsecured Notes Issuance.