Learn more

US Foods Holding Corp. (NYSE:USFD) shares are trading higher after the company announced a $211 million repurchase of shares from Sachem Head Capital Management LP. The company inked a Purchase Agreement to buy back shares at $52.28 per share, including approximately $2 million in excise taxes. The share repurchase is part of US Foods’ $1 billion program authorized on June 1, 2024, with approximately $691 million remaining. Dave Flitman, CEO, said, “Given our strong execution and confidence in our ability to deliver our 2027 financial targets, we believe our shares remain significantly underva…

cuu