US stocks are on the move | Performance Food (PFGC.US) rose nearly 8% in pre-market trading, with reports suggesting that US Foods Holdings Corp (USFD.US) is interested in acquiring it.

According to the financial news app Zhitong Finance, sources familiar with the matter revealed that Performance Food Group (PFGC.US) has attracted acquisition interest from US Foods Holding Corp (USFD.US). If the deal goes through, it will create a food distribution company with total sales approaching 100 billion dollars. Thanks to this news, as of the time of writing, Performance Food has risen nearly 8% in pre-market trading.