United Natural Foods (UNFI) a Rumored Takeover Target

There's a rumor going around certain circles that United Natural Foods (NASDAQ: UNFI) is a takeover target. Sysco Corporation (NYSE: SYY), US Foods, and the company's largest customer, Whole Foods Market, Inc. (NYSE: WFM), have been mentioned as possible suitors.

United Natural Foods shares have been decimated as suppliers are increasingly going direct-to-retail, retailers are adding to natural/organic private-label offerings and Whole Foods sales have struggled.

The colliding forces have pushed the stock down 48% YTD. Now, according to the rumors, a suitor is ready to step up.

Shares of UNFI are down 2.6% currently to $40.22.

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