Published January 11, 2017 7:06am EST | Updated January 11, 2017 9:04am EST

Performance Food Prices Secondary Offering Of 10 Million Shares At $22.85 a Pop

Performance Food Group Co. said Wednesday it has priced a secondary offering of 10 million shares at $22.85 a pop. The offering is being underwritten by certain shareholders, including affiliates of The Blackstone Group L.P. and is expected to close on Jan. 13, the company said in a statement. Shares fell 5.4% in premarket trade, but are up about 16% in the last 12 months, while the S&P 500 has gained about 18%.