Performance Food sets May 14 date for merger vote

By Lisa Kerner

Charlotte, N.C., April 14 - Performance Food Group Co. shareholders will vote on the company's proposed merger with a Blackstone Group affiliate at a special meeting on May 14 at 9 a.m. ET in Virginia.

The record date for the meeting is April 3, according to a Performance Food news release.

It was previously reported that the Hart-Scott-Rodino waiting period expired and that the merger was expected to close by the end of the second quarter.

In January, Performance Food agreed to be acquired in a transaction valued at $1.3 billion, or $34.50 per share.

The Richmond, Va., restaurant food distributor said that its board unanimously adopted the merger agreement and will recommend that shareholders approve the agreement.

The transaction will be structured as a combination of Performance Food and Vistar Corp., a Denver-based foodservice distributor controlled by affiliates of Blackstone and Wellspring Capital Management LLC, a prior news release stated.

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