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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Feb. 27, 4:16 AM

Slide #3. Performance Food Group Company Secondary Offering

Company: Performance Food Group Company (NYSE:PFGC)
Date announced: 2/23/2017
Shares Offered: 13,500,000
Date of Pricing: 2/24/2017
Price Per Share: $23.50
Secondary Offering Details: Performance Food Group Company (the "Company") (NYSE:PFGC) today announced that certain of its stockholders, including affiliates of The Blackstone Group L.P. (the "Selling Stockholders"), intend to offer for sale in an underwritten secondary offering 10,000,000 shares of common stock of the Company. The Selling Stockholders will receive all of the proceeds from this offering. The Company is not offering any shares of common stock in the offering and will not receive any proceeds from the sale of shares in this offering. -updated 2/24- Performance Food Group Company (the "Company") (NYSE:PFGC) today announced the pricing of the underwritten secondary offering by certain of its stockholders, including affiliates of The Blackstone Group L.P. (the "Selling Stockholders"), of 13,500,000 shares (reflecting a 3,500,000 share increase from the originally proposed 10,000,000 share offering) of the common stock of the Company at a public offering price of $23.50 per share. The offering is expected to close on March 1, 2017, subject to customary closing conditions. The Selling Stockholders will receive all of the proceeds from this offering. The Company did not offer any shares of common stock in the offering and will not receive any proceeds from the sale of shares in this offering.

Performance Food Group, through its subsidiaries, markets and distributes national and company-branded food and food-related products to customer locations across the U.S. Co. has three reportable segments: Performance Foodservice, which distributes a line of national brands, customer brands, and Co.'s proprietary-branded food and food-related products; PFG Customized, which provides service to family and casual dining restaurant chains, as well as fast casual and quick service restaurant chains; and Vistar, which engages in distributing candy, snacks, beverages, and other items nationally to the vending, office coffee service, theater, retail, hospitality, and other channels.

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Company Name:  Performance Food Group Co
Website:  www.pfgc.com
Sector:  Grocery & Drug Stores
Number of ETFs Holding PFGC:  23
Total Market Value Held by ETFs:  $51.83M
Total Market Capitalization:  $2.48B
% of Market Cap. Held by ETFs:  2.09%
 

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February 27, 2017    4:16 AM Eastern
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Hold (2.40 out of 4)
17th percentile
(ranked lower than approx. 83% of all stocks covered)
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