Performance Food Group, US Foods Scrap Merger Talks

Core Viewpoint - Performance Food Group and US Foods Holdings have terminated merger discussions that aimed to create a food-distribution giant to compete with Sysco [1] Company Summary - Performance Food Group and US Foods Holdings were in talks to merge, which would have significantly increased their market presence in the food distribution sector [1] - The merger was intended to create a formidable competitor to Sysco, the leading player in the food distribution industry [1] Industry Summary - The food distribution industry is characterized by significant competition, with Sysco currently holding a dominant position [1] - The cancellation of the merger talks indicates potential challenges in consolidating companies within the food distribution sector [1]