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PRESS DIGEST- British Business - May 26
May 26 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
UPDATE 1-US Foods raises $1 billion in year's second largest IPO
May 25 US Foods Holding Corp, a U.S. private equity-owned food distributor, raised $1.02 billion on Wednesday in this year's second-largest U.S. initial public offering thus far, as new stock market flotations pick up pace.
UPDATE 1-New York REIT, JBG combine to form $8.4 bln real estate company
May 25 New York REIT Inc said it would combine with privately held JBG Companies to create an $8.4 billion real estate investment trust focused on New York and Washington D.C.
US Foods raises $1.02 billion in IPO -source
May 25 US Foods Holding Corp, a Rosemont, Illinois-based food distributor, raised $1.02 billion in its initial public offering on Wednesday, according to a person familiar with the matter.
BRIEF-Raging Capital Management reports 9.1 pct passive stake in Ashford
* Raging Capital Management LLC reports a passive stake of 9.1% in Ashford Inc as of May 25, 2016 - SEC filing Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)