Performance Food shareholders approve sale

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Shareholders of Goochland County-based Performance Food Group approved the sale of the company on Wednesday.

Private-equity firms Blackstone Group and Wellspring Capital Management LLC will buy the publicly traded company for $1.3 billion, or $34.50 for each share of company stock.

The food and food-service distributor will be combined with Vistar Corp., another food-service group. The combined food group is expected to stay in Richmond.

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