Sysco (SYY) confirms it is to acquire Restaurant Depot for USD 29.1bln enterprise value; reaffirms FY26 guidance
Importance
Level 1
- To fund cash portion with USD 21bln new debt and USD 1bln cash and equity
- Pauses share repurchase program, to reduce net leverage by at least 1.0x in 24 months.
- Combination expected to realise USD 250mln annualised net cost synergies within three years.
#UNITED STATES#USD#EUR#JAPAN#JPY#UNITED KINGDOM#GBP#EUROPE#SYSCO CORP#SYY.US#RESTAURANT GROUP PLC/THE#FOREX#EQUITIES#METALS#EU SESSION#FOOD DISTRIBUTORS#METALS & MINING#CONSUMER STAPLES DISTRIBUTION & RETAIL#CONSUMER STAPLES DISTRIBUTION & RETAIL (GROUP)#S&P 500 INDEX#SYY#DXY#US EQUITIES