Sysco

Sysco completed a $1 billion share placement, selling 12,345,679 common shares at $81.00 each; the offering was multiple times oversubscribed. The ten largest investors purchased more than 50% of the shares, the 25 largest about 80%. Sysco granted the syndicate banks a 30‑day option for overallotments of up to $150 million, intends to use part of the net proceeds to finance the acquisition of Jetro Restaurant Depot and does not condition the placement closing on the acquisition; the transaction is scheduled to close on 16 September 2026. » More on de.investing.com

Sysco has placed a public offering of 12,345,679 common shares at $81.00 per share, with expected closing on September 16, 2026. The syndicate banks were granted a 30-day option to subscribe for additional shares worth up to $150 million at the same price. Net proceeds are to be used in part to finance the planned acquisition of Jetro Restaurant Depot; the offering is not conditioned on the closing of the acquisition. » More on de.investing.com

Sysco plans a $1.0 billion equity raise through the issuance of new common shares to partly finance the takeover of Jetro Restaurant Depot, with a 30-day overallotment option for the syndicate banks of up to $150 million. The measure risks significant dilution of existing shareholders because the placement will proceed regardless of whether the transaction closes. After the announcement the stock fell 3.7% in after-hours trading to $80.49, well below the prior close and closer to the 52-week low. The report says the price decline was self-inflicted and not explained by general market movements. » More on de.investing.com