US Foods announced that it entered into a Purchase Agreement to repurchase approximately $211 million of the Company’s common shares beneficially owned by a fund managed by Sachem Head Capital Management LP , at a purchase price of $52.28 per share and inclusive of approximately $2 million of excise taxes. The purchase of the shares is a part of the Company’s $1 billion share repurchase program authorized on June 1, 2024. The Company has approximately $691 million in remaining funds authorized.
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