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Sysco Corporation has advanced quite nicely since the beginning of October this year; it's up from $31.70 per share to $36.20 per share. The optimism surrounding Sysco has been bolstered by its ...
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Sysco is a distributor of a range of food items from meats and fresh produce to frozen foods and baked goods. Sales in the company's food service business in the U.S., which caters to offices ...
Sysco Corporation (short for Systems and Services Company) is an American multinational corporation involved in marketing and distributing food products, smallwares, kitchen equipment and tabletop items to restaurants, healthcare and educational facilities, hospitality businesses like hotels and inns, and wholesale to other companies that ...
On December 9, 2013, Sysco Corp announced it would acquire US Foods for $8.2 billion ($3.5 billion plus $4.7 billion of debt), [17] but on June 24, 2015, U.S. federal judge Amit Mehta ruled that the combined Sysco-US Foods would control 75% of the U.S. foodservice industry and that would stifle competition. On June 29, 2015, Sysco terminated ...
To help finance the A.E. Staley acquisition, Tate & Lyle pre-sold CFS Continental to the foodservice giant Sysco for $360 million. Not forgetting the owners had to give over 50% of their profit to taxes and debt. Sysco generated sales of $3.7 billion (1987) and CFS Continental generated sales of $2.4 billion (1987).
Sysco (NYS: SYY) , not to be confused with the networking company Cisco Systems, is the nation's largest food distributor. Its vast food transportation network is responsible for deliveries to ...
It serves about 18% of the market, but at the same time, Sysco's profits have stagnated over the past. It goes without saying that food is big business. In fact, it's a $235 billion industry, and ...