Sysco to Buy Jetro Restaurant Depot for $29.1 Billion; Shares Slip in Pre-Market
Sysco Corporation confirmed a $29.1 billion agreement to acquire Jetro Restaurant Depot, a chain of wholesale warehouse stores serving independent foodservice operators. The transaction, which includes debt, will pay Jetro shareholders $21.6 billion in cash and 91.5 million Sysco shares. Sysco shares fell more than 3% in pre-market trading on the a…