Performance Food shareholders approve sale
- May 15, 2008
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.