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Sysco to buy Jetro Restaurant Depot in $29 billion deal
The deal combines Sysco's delivery with Jetro's 166 warehouse stores serving 725,000 independent restaurants, expanding Sysco's reach into the growing Cash & Carry market.
- Sysco, a U.S. food distributor, will acquire catering supplier Jetro Restaurant Depot in a $29 billion deal, including debt.
- The deal will help Sysco deepen its reach into the price-sensitive independent restaurant market, complementing its existing large-scale delivery business.
- Jetro Restaurant Depot shareholders will receive $21.6 billion in cash and 91.5 million Sysco shares, owning 16% of Sysco upon closing of the deal.
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19 Articles
Sysco Buys Restaurant Depot in $29 Billion Deal
Sysco, the nation’s largest supplier of food and other goods to restaurants and catering businesses, has struck a deal to acquire family-owned Jetro Restaurant Depot for $29.1 billion, including debt. The transaction, announced March 30, will be paid in a mix of cash and stock. Under the terms of the agreement, Restaurant Depot shareholders will receive $21.6 billion in cash and 91.5 million shares of Sysco stock, leaving them with about 16 perc…
·New York, United States
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Coverage Details
Total News Sources19
Leaning Left4Leaning Right4Center9Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 24%
C 53%
R 23%
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