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Grocery & Drug Stores M&A image Grocery & Drug Stores M&A » By The Online Investor Staff, updated Thu., May. 6, 6:19 PM Recent mergers and acquisitions in the Grocery & Drug Stores M&A category.

Slide #20. Sysco US Foods

Acquirer: Sysco (NYSE:SYY)
Acquiree: US Foods
Details: Sysco Corporation (NYSE:SYY) and US Foods today announced an agreement to merge, creating a world-class foodservice company. The total enterprise value of the transaction is approximately $8.2 billion and the combination has been approved by the Board of Directors of each company.

Sysco, acting through its subsidiaries and divisions, is a distributor of food and related products to the foodservice or food-away-from-home industry. Co. has three segments: U.S Foodservice Operations, which includes U.S. Broadline operations, which distribute a line of food products, including custom-cut meat, seafood, specialty produce, specialty imports and a variety of non-food products; International Foodservice Operations, which includes operations in the Americas and Europe, which distribute a line of food products and a variety of non-food products; and SYGMA, which is Co.'s U.S. customized distribution subsidiary. Co.'s other segment mainly includes its hotel supply operations.

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Company Name: 
Sysco Corp
Website: 
www.sysco.com
Sector: 
Grocery & Drug Stores
Number of ETFs Holding SYY: 
98
Total Market Value Held by ETFs: 
$4.85B
Total Market Capitalization: 
$42.46B
% of Market Cap. Held by ETFs: 
11.43%
 

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Buy (3.43 out of 4)
54th percentile
(ranked higher than approx. 54% of all stocks covered)

Analysts' Target Price:
SYY Stock Forecast

Based on Zacks ABR data;
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