Investors dumping 40 million shares of US Foods. US Foods is not the seller and will receive no proceeds from this stock sale. These are private investors moving the "titanic" over to the suckers.
ROSEMONT, Ill.--(BUSINESS WIRE)--
US Foods Holding Corp. (USFD) today announced an offering of an aggregate of 40,000,000 shares of its common stock by investment funds associated with Clayton, Dubilier & Rice, LLC and Kohlberg Kravis Roberts & Co. L.P. (collectively, the “Selling Stockholders”). In connection with the offering, the Selling Stockholders will grant to the underwriters a 30-day option to purchase up to an additional 6,000,000 shares of common stock.