Buyout News Drags Sysco Stock Further From Records

Food distributor Sysco Corp (NYSE:SYY) is moving 11% lower to trade at $72.83 this morning, after news broke that it will be purchasing Jetro Restaurant Depot for $29.1 billion.
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Food distributor Sysco Corp (NYSE:SYY) is moving 11% lower to trade at $72.83 this morning, after news broke that it will be purchasing Jetro Restaurant Depot for $29.1 billion.
Open original source