US Foods to buy Smart Foodservice for $970 million [Reuters (UK)]
US Foods Holding Corp. (USFD)
Last us foods holding corp. earnings: 2/11 06:45 am
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Source: Reuters
US Foods to buy Smart Foodservice for $970 million - Reuters 1 Min Read March 6 (Reuters) - Food distribution company US Foods Holding Corp said on Friday it would buy Smart Foodservice Warehouse Stores from private equity firm Apollo Global Management Inc for $970 million in cash. Smart Foodservice operates 70 cash-and-carry stores in the United States, which cater to small and mid-sized restaurants. US Foods said it will finance the acquisition mainily with $700 million in loans from Citigroup and Bank of America. (Reporting by Uday Sampath in Bengaluru; Editing by Arun Koyyur) All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2020 Reuters. All Rights Reserved.
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