US Foods, Performance Food Group end merger talks

Group 1 - US Foods and Performance Food Group (PFG) have decided to cease merger discussions after months of consideration, focusing instead on their standalone strategic plans [6] - US Foods' CEO David Flitman indicated that the company had been exploring the merger potential with PFG and has continued to have investment capital available, with the board approving billions for share repurchases in recent years [3][4] - Following the end of merger talks, US Foods' board approved a new $1 billion share repurchase program, emphasizing a commitment to long-term value creation through disciplined capital allocation [3][6] Group 2 - Both US Foods and PFG are significant players in the food distribution market, with US Foods employing approximately 30,000 workers and PFG around 43,000 workers [4] - The companies are positioned behind Sysco in terms of tractor count, indicating their substantial presence in the industry [4]