Reporting by Neil J Kanatt in Bengaluru; Editing by Devika Syamnath
This week on Reuters
Link copied
Sysco nears $29 billion deal to buy Restaurant Depot, WSJ reports.
deals & business :: 11hrs ago :: source - reuters
By Reuters
(Reuters) - Food distributor Sysco (SYY.N) is nearing a $29 billion deal to acquire catering supplier Restaurant Depot, including debt, the Wall Street Journal reported on Monday.
Shares of Sysco, which has a market cap of $39.2 billion, were down about 2% in premarket trading.
According to the terms of the deal, Restaurant Depot shareholders would receive $21.6 billion in cash and 91.5 million Sysco shares, the report added, citing people familiar with the matter.
Sysco and Restaurant Depot did not immediately respond to Reuters requests for comment.
This week top market trends.
-
The Stock Market Is Sending a Major Warning. Here's What Investors Should Know Right Now
2026-03-19 :: trade ideas :: motley fool -
Mining stocks are the new market darlings, fueled by geopolitical risks and AI demand
2026-03-01 :: stock :: yahoo finance -
World's big bond markets left battered and bruised after week of war in Middle East
2026-03-06 :: treasuries & bonds :: reuters
Recent global market news
-
Prediction: This Unstoppable Vanguard ETF Will Crush the S&P 500 Again in 2026
2026-03-17 :: :: motley fool
