Performance Food Group to Buy Own Shares
Posted on: Saturday, 13 August 2005, 00:00 CDT
Aug. 13--Performance Food Group Co. expects to buy 10.2 million shares of its stock as part of a modified Dutch auction.
The Richmond-based food-service company plans to pay $29.75 per share for the stock, spending roughly $304 million.
The deadline to tender shares was Thursday evening.
The number of shares was greater than initially expected, the company said. Performance said it intends to purchase additional shares without extending the tender offer.
The tender offer is part of Performance's plan to return capital to shareholders from its $855 million sale of the fresh-cut produce segment to Chiquita Brands International Inc.
-----
To see more of the Richmond Times-Dispatch, or to subscribe to the newspaper, go to http://www.timesdispatch.com.
Copyright (c) 2005, Richmond Times-Dispatch, Va.
Distributed by Knight Ridder/Tribune Business News.
For information on republishing this content, contact us at (800) 661-2511 (U.S.), (213) 237-4914 (worldwide), fax (213) 237-6515, or e-mail reprints@krtinfo.com.
PFGC, CQB,
Source: Richmond Times-Dispatch
Related Articles
- Sinopec International Takes Up Addax Petroleum Corporation Shares and Extends Tender Offer for Remaining Shares
- EMC Reiterates Its $30 Per Share All-Cash Tender Offer to Acquire Data Domain is Superior
- EMC States Its $30 Per Share All-Cash Tender Offer to Acquire Data Domain is Superior to NetApp's New Proposal
- Massey Energy Reports First Quarter 2009 Operating Results
- Synopsys Introduces Lower Power, High-Performance Architecture for AMBA 3 AXI On-Chip Interconnect
- Sierra Wireless Completes Acquisition of Wavecom
- New Availl Software Accelerates Shared File Performance Among Large Remote Offices
- Pitfalls on Renewable Energy It's a Popular Idea, but Share-Price Performance Has Been 'Erratic'
- Performance Food Gives Results of Offer
- Small Companies Notebook: Clearspeed Quick Off the Mark With Chip Design
 |
 |
User Comments (0)
RSS Feeds