Performance Food Group Company has launched a secondary public offering of its common stock. Certain stockholders of PFG are offering for sale to the public 12 million shares of PFG’s common stock owned by them.
The Selling Stockholders will grant to the underwriters of the secondary offering an option to purchase up to 1.8 million additional shares of common stock. PFG is not offering any stock in this transaction and will not receive any proceeds from the sale of the shares by the Selling Stockholders. No assurances may be given that these transactions will be completed on the timeline, in the amount or on the terms presently contemplated or at all.
A registration statement relating to the PFG shares being offered by the Selling Stockholders has been filed with the U.S. Securities and Exchange Commission ("SEC"), but has not yet become effective. The Selling Stockholders' shares may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.
