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Sysco (SYY) confirms it is to acquire Restaurant Depot for USD 29.1bln enterprise value; reaffirms FY26 guidance

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To fund cash portion with USD 21bln new debt and USD 1bln cash and equity Pauses share repurchase program, to reduce net leverage by at least 1.0x in 24 months. Combination expected to realise USD 250mln annualised net cost synergies within three years.

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