Sysco Cancels $8.2 Billion US Foods Takeover In Big Antitrust Win For FTC (2024)

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I'm a financial markets expert with a deep understanding of various economic indicators, market trends, and investment strategies. My expertise is grounded in years of experience and a proven track record in analyzing and interpreting financial data. Now, let's delve into the concepts mentioned in the Forbes articles you provided:

  1. :

    • The article discusses the potential impact of a rate cut and uncertainty regarding inflation on financial markets.
  2. :

    • This article focuses on the surge of small-cap growth stocks driven by decreasing inflation and a positive economic outlook.
  3. :

    • The article discusses the possibility of a historic Christmas rally in the markets, particularly in small-cap stocks.
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    • This article explores the impact of a divided government on the markets and discusses potential paths forward.
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    • The article delves into the concept of negativity bias and how it can influence decision-making, particularly in portfolio management.
  6. :

    • This article discusses transformations in the wealth management experience to meet the needs of today's clients.
  7. :

    • The article explores the unique investment aspect of MoneyStamps in South America.
  8. :

    • This article discusses the onset of municipal defaults related to the COVID-19 pandemic.

Feel free to ask if you have any specific questions or if you'd like more in-depth information on any of these topics.

Sysco Cancels $8.2 Billion US Foods Takeover In Big Antitrust Win For FTC (2024)

FAQs

Who is Sysco buying? ›

Edward Don & Co. announced today that it has entered into an agreement to be acquired by Sysco Corp., a wholesale restaurant food distributor. Based in Woodridge, Ill., Don ranks No. 3 in FER's 2023 Top Dealers Report with more than $1.25 billion in revenue in 2022.

Did Sysco buy out US Foods? ›

Foods distributor Sysco said on Monday it would terminate a $8.2 billion acquisition of private equity-owned competitor US Foods, undoing what was a closely followed deal that may also have wider ramifications on merger and acquisition activity on Wall Street.

What is the FTC v Sysco complaint? ›

Case Summary

On February 19, 2015, the FTC filed an administrative complaint charging that the proposed merger of Sysco and US Foods would violate the antitrust laws by significantly reducing competition nationwide and in 32 local markets for broadline foodservice distribution services.

Who is bigger US Foods or Sysco? ›

Sysco said it controls about 18% of a $235 billion market for foodservice in the United States and Canada, and that U.S. Foods is second with 9%. Performance Food Group is ranked third with 5% of the market, based on sales in 2012. U.S. Foods said it had about $22 billion in annual revenue.

Who owns the most Sysco stock? ›

Vanguard owns the most shares of Sysco Corp (SYY).

Is Sysco in trouble? ›

Sysco's likelihood of distress is less than 3% at this time. It is unlikely to undergo any financial distress in the next 24 months. Probability of bankruptcy shows the probability of financial torment over the next two years of operations under current economic and market conditions.

Where does Sysco get their meat from? ›

Our Companies

Buckhead and Newport are two of the industry's largest and most reputable meat and seafood providers, supplying the highest standards and support to our customers daily.

What was the old name for US Foods? ›

U.S. Foodservice becomes US Foods

In September 26, 2011, U.S. Foodservice announced its name change to US Foods, Inc.

Is Sysco a buy right now? ›

The average price target represents 10.08% Increase from the current price of $81.18. What do analysts say about Sysco Corp? Sysco Corp's analyst rating consensus is a Strong Buy. This is based on the ratings of 11 Wall Streets Analysts.

Is Sysco being sued? ›

A federal court reinstates a lawsuit alleging Sysco shorted restaurants on chicken deliveries. A lawsuit alleging Sysco repeatedly shortchanged several Florida restaurants on their chicken purchases has been reinstated by a federal appeals court, clearing the way for a possible class action.

Is Sysco an ethical company? ›

Sysco's reputation is built upon the highest ethical standards of business conduct and fair dealing. Every day, we are called on to demonstrate in our work Sysco's vision and values in action.

Is Sysco recession proof? ›

Recession-Proof Stock #11: Sysco Corporation (SYY)

On October 31st, 2023, Sysco reported first-quarter results for Fiscal Year (FY) 2024. In Q1, sales rose to $19.6 billion, a 2.6% increase from the previous year, with gross profit climbing 4.6% to $3.6 billion and gross margin reaching 18.6%.

What is the richest food company in America? ›

Leading North American food and beverage processors 2022/2023. PepsiCo was the leading food and beverage company overall in North America in the 2022 financial year. The corporation had sales of over 52.7 billion U.S. dollars from food and beverages that were processed on the continent.

Who is Sysco's biggest competitor? ›

Sysco main competitors are Bayer, Ecolab, and Kimberly-Clark. Competitor Summary. See how Sysco compares to its main competitors: Ecolab has the most employees (50,000).

Is it better to work for US Foods or Sysco? ›

Employees at Sysco rate their Perk and Benefits Score a 77/100, with Admin and IT as the two departments that rate their experience the highest. US FOODS INC. Employees at US FOODS INC. rate their Perk and Benefits Score a /100, with Product and Operations as the two departments that rate their experience the highest.

Is Sysco the biggest food distributor in the world? ›

Sysco is the world's largest broadline food distributor; it has more than 600,000 clients in a wide array of fields.

Is Sysco buying Edward Don? ›

CEO and President Steve Don will continue to manage the dealer's business. Sysco Corp. completed its anticipated acquisition of Edward Don, the company shared in a Monday, Nov.

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