Performance Food shareholders approve sale
May 15, 2008 7:53 AMShareholders 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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