NEW YORK (Thomson Financial) - Performance Food Group Co. Monday said it
would hold a special shareholder meeting on May 14 for a vote on the proposed
$1.3 billion acquisition of the company by an affiliate of Blackstone Group.
Shareholders of record on April 3 will be entitled to vote on the proposal,
the company said.
The acquisition was announced on Jan. 18. Under the terms of the agreement,
Performance Food shareholders will receive $34.50 in cash for each outstanding
share they own.
Shares of Performance Food closed Friday at $32.08 while Blackstone shares
closed at $17.76.
Ryan Vlastelica
rv/pc
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