US Foods: KKR discloses stake in company; intends to engage in discussions with company's management (18.55 -0.24)
- KKR disclosed an ownership stake of approx. 9.5%.
- "The Reporting Persons [KKR Fresh and affiliates] acquired the securities reported herein for investment purposes and intend to review their investments in the Issuer [USFD] on a continuing basis. [...] The Reporting Persons intend to engage in discussions with management or the board of directors of the Issuer about its business, operations, strategy, plans and prospects, from time to time. In addition, subject to the Investment Agreement, the Reporting Persons may engage in discussions with management or the board of directors of the Issuer, stockholders or other securityholders of the Issuer and other relevant parties or take other actions concerning any extraordinary corporate transaction [...], a sale or transfer of a material amount of assets, a change in the board of directors or management, a material change in the capitalization or dividend policies, other material changes in the Issuer's business or corporate structure..."