PFG enters clean-team agreement with US Foods to explore potential combination

Performance Food Group Co

Clean-team agreement enables sharing non-public info to evaluate regulatory considerations and synergies.
PFG engaged with large stockholders recently to hear perspectives; board determined sufficient basis to share info.
Independent lawyers, economists, and consultants will analyze detailed confidential data via clean team.
Advisors: JP Morgan, BofA Securities (financial); Skadden Arps (legal). No definitive agreement or outcome assured.

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