Distributor Sysco U.S. Foods buys its rival by 3.500 million | SOCIAL SOS
New York, Dec. 9 (Reuters) -. The group Sysco, the largest foodservice distributor in the United States, today announced an agreement that will buy its main rival, U.S. Foods, acceptable for 3,500 million.
The new company will still be called Sysco, remain based in Houston (Texas) and will have approximately $ 8,200 million, after a merger has already been approved by the boards of both companies.
"Sysco and U.S. Foods have complementary strengths, including a wide portfolio of products and people passionate about food committed to customer service," said Sysco CEO Bill DeLaney, announcing acceptable the purchase.
Under the agreement, the distributor of Houston will pay a total of 3.500 billion acceptable U.S. Foods, in an operation that includes 3,000 million acceptable in shares and another 500 million in cash.
Those responsible for the distribution company expected to save about $ 600 million from the third year of the merger, a deal that still needs the approval of the national authorities and antimopolio expect to close in the third quarter of 2014.
Sysco shares traded on the New York Stock Exchange (NYSE) is fired at this time 12.04% to $ 38.44, which have risen 21.86% acceptable since the beginning of the year and 21, 21% in the last twelve months. EFE
Tagged: 2014, 500 efecitvo Shares Sysco, save 600 million dollars, New York Stock Exchange (NYSE) antitrust listed distributor Houston, Foods, merger, operation 3,000 million, 3,500 million dollars paid
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New York, Dec. 9 (Reuters) -. The group Sysco, the largest foodservice distributor in the United States, today announced an agreement that will buy its main rival, U.S. Foods, acceptable for 3,500 million.
The new company will still be called Sysco, remain based in Houston (Texas) and will have approximately $ 8,200 million, after a merger has already been approved by the boards of both companies.
"Sysco and U.S. Foods have complementary strengths, including a wide portfolio of products and people passionate about food committed to customer service," said Sysco CEO Bill DeLaney, announcing acceptable the purchase.
Under the agreement, the distributor of Houston will pay a total of 3.500 billion acceptable U.S. Foods, in an operation that includes 3,000 million acceptable in shares and another 500 million in cash.
Those responsible for the distribution company expected to save about $ 600 million from the third year of the merger, a deal that still needs the approval of the national authorities and antimopolio expect to close in the third quarter of 2014.
Sysco shares traded on the New York Stock Exchange (NYSE) is fired at this time 12.04% to $ 38.44, which have risen 21.86% acceptable since the beginning of the year and 21, 21% in the last twelve months. EFE
Tagged: 2014, 500 efecitvo Shares Sysco, save 600 million dollars, New York Stock Exchange (NYSE) antitrust listed distributor Houston, Foods, merger, operation 3,000 million, 3,500 million dollars paid
Connecting to% s
SOS SOCIAL Recent comments on The sad story of a child ... The sad story d ... on The sad story of a child ... SOS SOCIAL Fourteenth grand draw on BUA ... SOS SOCIAL Fourteenth grand draw on BUA ... vintage lace wedding ... on Fourteenth BUA grand draw ...
Categories Alejandro Fernández Martínez Ibañez Angel Arturo Nieto science Columnists Contributors Sources Hipólito International Beard Lilia Contreras Manuel acceptable Salgado Local Martha Montalvo Migdalia Rivera Gonzalez Mauro national Almengor Notes Omar Contreras sossocial Radio Uncategorized Writing
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