Sysco shares fall premarket as company announces $29 billion acquisition of Jetro Restaurant Depot [Yahoo! Finance]
Sysco Corporation (SYY)
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Source: Yahoo! Finance
Sysco Corp (NYSE:SYY) shares fell more than 6% in premarket trading after the foodservice distributor announced a definitive agreement to acquire Jetro Restaurant Depot in a transaction valued at approximately $29.1 billion. Under the terms of the deal, Jetro shareholders will receive $21.6 billion in cash and 91.5 million Sysco shares. Based on Sysco's March 27 closing price of $81.80, the transaction implies an enterprise value multiple of about 14.6 times Jetro's operating income. The acquisition marks a significant strategic shift for Sysco, enabling it to enter the cash-and-carry wholesale segment, a $60 billion to $70 billion market that primarily serves smaller, independent restaurants and food businesses. Jetro Restaurant Depot operates 166 warehouse locations across 35 US states and serves more than 725,000 customers. The company generated approximately $16 billion in revenue, $2.1 billion in EBITDA, and $1.9 billion in free cash flow in 2025. “We're thrilled to comb
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News
- Sysco expands into high-margin restaurant segment with US$29 billion deal [BNN Bloomberg (Canada)]BNN Bloomberg
- Sysco expands into high-margin restaurant segment with $29 billion deal [Yahoo! Finance Canada]Yahoo! Finance Canada
- Sysco Calls $29B Restaurant Depot Deal “Transformational,” Eyes EPS Accretion and $250M Synergies [Yahoo! Finance]Yahoo! Finance
- Infographic: Sysco enters high-margin cash & carry segment via landmark $29.1B acquisition [Seeking Alpha]Seeking Alpha
- Sysco to Acquire Jetro Restaurant Depot to Expand into Higher-Margin, Growing, and Resilient Cash & Carry ChannelGlobeNewswire
SYY
Earnings
- 1/27/26 - Beat
SYY
Sec Filings
- 3/30/26 - Form 425
- 3/30/26 - Form 425
- 3/30/26 - Form 425
- SYY's page on the SEC website