u/SadOnion2110 ·
Reddit — r/StockMarket
· March 30, 2026 at 13:55
· ⬆ 58 pts
· 💬 13 comments
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The post shares a Reuters report that Sysco (SYY) is acquiring Restaurant Depot in a $29 billion deal, financed primarily with new debt.
The author, u/SadOnion2110, provides no personal thesis or analysis; they are simply sharing a news link.
Quality assessment: noise (news aggregation without original research or commentary)
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[https://www.reuters.com/business/sysco-acquire-restaurant-depot-29-billion-deal-wsj-reports-2026-03-30/](https://www.reuters.com/business/sysco-acquire-restaurant-depot-29-billion-deal-wsj-reports-2026-03-30/)
Sysco (SYY.N), said on Monday it would buy catering supplier Jetro Restaurant Depot in a $29 billion deal, including debt, expanding the top U.S. food distributor's reach among price-conscious independent restaurants.
Shares of Sysco, which has a market capitalization of $39.2 billion, fell about 8% in premarket trading after the company said it would finance the acquisition with $21 billion in new and hybrid debt, along with $1 billion in cash and equity on hand.
The deal would help Sysco enter the higher-margin "cash-and-carry" business, where Restaurant Depot has about 166 warehouse locations across 35 U.S. states.
"Sysco and Jetro Restaurant Depot will enhance value for small independent restaurants and the consumers they serve by expanding access to more affordable, fresh food products and delivering more choice and convenience," Sysco CEO Kevin Hourican said in a statement, highlighting how the combination would help lower prices for more customers.
Last year, US Foods (USFD.N), opens new tab ended merger talks with Performance Food (PFGC.N), which would have tied together the nation’s No. 2 and No. 3 food‑service distributors in an effort to challenge industry leader Sysco and reduce costs.