Post by The MergerSight Group

Performance Food Group (PFG) seems to broaden its geographical reach while expanding into the convenience store channel; the target is the leader in fresh deliveries to convenience stores. PFG is planning to finance the transaction through cash through an asset-based revolving credit facility as well as the issuance of new senior unsecured notes. As well as the immediate addition of ~$17B in net sales for the pro-forma company, it is expected to result in ~$40M worth of cost synergies in the third year after closing. Tell us your thoughts in the comments, and click the link to read our take https://lnkd.in/exm44hA #MergerSight #PerformanceFood #CoreMark #wholesale #groceries By Baliny Ganeshakumaran, Deimante Chailenko, Matilda Oculy, Zahra Malik (University of Manchester), Anthony Borgese, Shuishan (Susan) Xiao, Claire Zhong, Jessica Pei, Zen Suzuki and Mustafa Bayramli (Wharton)