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After a week of horrendous stock market plunges, the deal market is quiet on Friday, with the headline deal being a $1.3 billion buyout that would barely have turned heads a few months ago.
Blackstone Group-Performance Food Group Co.
Food distributor Performance Food Group Co. agreed to be acquired by private equity firms Blackstone Group and Wellspring Capital Management for $1.3 billion. Performance Food, which supplies private-label products to about 41,000 restaurants, educational and healthcare facilities, and fast-food chain customers, will be combined with Vistar Corp., a foodservice distributor controlled by Blackstone and Wellspring. NYSE Euronext-American Stock Exchange Meanwhile, NYSE Euronext, parent of the New York Stock Exchange agreed Thursday to buy its smaller rival, the American Stock Exchange, for $260 million in stock, ending a long rivalry and years of speculation that the two exchanges would one day combine. Zale Corp. And Zale Corp. said Friday it would add former SEC chairman and activist investor Richard Breeden and another representative to its board, capping a week that saw the activist investor bumped his stake in the troubled jeweler to more than 18%. Go to TheDeal.com story on Performance Food Go to TheDeal.com story on NYSE-ASE Go to earlier story on TheDeal.com on Zale Categories Deal Video
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