Sysco

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. » Więcej na 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. » Więcej na de.investing.com

Sysco confirmed its fiscal 2027 outlook (revenue +6–7%, EPS +9–11%) and raised its medium‑term targets, supported by an AI transformation program expected to boost the operating margin by USD 500m by 2029. The company plans to acquire Jetro Restaurant Depot, which would expand its local business by 1.5x, materially increase near‑term revenue, EBITDA and free cash flow, and is expected to be accretive within one year. Share buybacks will be suspended during the debt reduction phase, while the dividend is to be further increased; Sysco targets a reduction in net leverage from 4.5x to 3.5x within 24 months. » Więcej na de.investing.com