secwatch.observer — SEC 8-K summary
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Issuer:     Performance Food Group Co (PFGC)
CIK:        0001618673
Form:       8-K
Filed at:   2021-09-01T23:59:59+00:00
Accession:  0001193125-21-263304
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PFG completes Core-Mark acquisition; expects $40M annual synergies, EPS accretion
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- Merger consideration: 0.44 PFGC shares + $23.875 cash per Core-Mark share.
- Core-Mark has ~$17B net sales, 8,000 employees, 32 distribution centers across US and Canada.
- Transaction expected to be accretive to adjusted diluted EPS in first full fiscal year post-close.
- Annual run-rate net cost synergies of ~$40M expected by third full year after closing.
- Laura Flanagan appointed to PFG board, expanding to 12 directors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618673/000119312521263304/0001193125-21-263304-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618673/000119312521263304/d226850d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-263304

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