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Technical Analysis
- 8/28/2008 1:34:10 PM
By Chip Brian, SmarTrend Analytics Team
Friday, Performance Food Group Co. agreed to be acquired by an affiliate of Blackstone Group LP and Wellspring Capital Management, for about $1.3 billion. Shareholders of Performance Food will receive $34.50 in cash for each outstanding share they hold. Shares of Performance Food were up $7.51 to $31.70 in afternoon trading.
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