US Foods considering Performance Food acquisition

US Foods shares have risen nearly 20% this year. Bloomberg reported a potential acquisition deal between US Foods Holding and Performance Food Group. The companies’ combined revenue reached almost $100 billion in their latest fiscal years. If merged, they would become the top U.S. food-service distributor with 18% of the $371 billion market. Performance Food shares surged over 5% while US Foods shares remained steady after hitting record highs.

Read more at Yahoo Finance: US Foods Mulling Acquisition of Performance Food, Report Says