Sysco (SYY) confirms it is to acquire Restaurant Depot for USD 29.1bln enterprise value; reaffirms FY26 guidance

Sysco's acquisition of Restaurant Depot for $29.1 billion marks a significant move in the food distribution sector, reflecting their strategy to leverage scale and realize substantial cost synergies of $250 million annually. The reliance on $21 billion in new debt raises questions about their leverage and financial health, especially as they pause their share repurchase program to manage this debt, which could affect sentiment among shareholders and analysts alike.