US Foods Urges Performance Food to Engage in Merger Talks (1)

US Foods Holding Corp. approached Performance Food Group Co. to explore the merits of a combination and its invitation was declined, according to US Foods Chief Executive Officer Dave Flitman.

“We believe that a combination with PFG has the potential to create significant value for both companies and our collective stakeholders, while enhancing competition in the food-service industry,” Flitman said on a conference call Thursday discussing US Foods’ quarterly results. “Our ask of PFG is to simply work together to further understand the merits and opportunities of a potential combination.”

The decision to make the approach public is an ...