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Top US food supplier Sysco has finalized a $29 billion cash-and-stock deal to acquire Jetro Restaurant Depot, expanding its 'cash and carry' food-service business, prompting analysts to rate top food distributors in light of the acquisition.
Sysco's shares fell in premarket trading after the company announced its intention to acquire Jetro Restaurant Depot in a $29 billion deal.
Chef Jon-Luc Maggi of Tiki Tom’s wins Battle of the Blades in Napa, named Sysco Northern California Culinary Artisan of the Year Taiwan News
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Sysco's stock is falling after its "transformative" acquisition of Jetro, though Wells Fargo analysts are defending the deal and recommending buying on weakness.
These are the stocks posting the largest moves premarket.
An analysis questions whether Sysco's stock is outperforming the S&P 500 index, evaluating its relative market performance.
Guggenheim has raised its price target for Sysco (SYY), emphasizing the importance of local case growth for the company's performance.
Sysco is reportedly purchasing a warehouse that the company had previously been unable to construct itself, marking a significant acquisition for the food distribution giant.
Sysco is entering the high-margin cash & carry segment through a significant $29.1 billion acquisition, marking a landmark move for the company.
Reborn Coffee has announced a collaboration with Sysco (SYY) to streamline its franchise distribution network.