The acquisition of Core-Mark Holding Company (CORE) by Performance Food Group (PFGC) has been completed. This May Performance Food Group offered to buy CORE in a cash-and-stock deal valued at $2.5 billion.
Core-Mark last raised its quarterly dividend by 8.3 percent to 13 cents per share quarterly in 2020, marking 9 straight years of dividend increases. Performance Food Group does not pay a dividend to its shareholders.
Core-Mark Holding Company, Inc. is a wholesale distributor of fresh and broad-line supply solutions to the convenience retail industry in North America. Founded in 1888, Core-Mark offers a full range of products, marketing programs and technology solutions to customer locations in the U.S. and Canada through its distribution centers. Core-Mark services traditional convenience retailers, grocers, drug, liquor and specialty stores, and other stores that carry convenience products. Performance Food Group (PFGC) is a customer-centric foodservice distribution leader headquartered in Richmond, Virginia.