{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-26-000922","form_type":"8-K","ticker":"SYY","cik":"0000096021","company_name":"SYSCO CORP","filed_at":"2026-03-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.102567+00:00","generated_at":"2026-05-15T08:30:36.293200+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Sysco to acquire Jetro Restaurant Depot for $21.6B cash and stock; forms new HoldCo","bullets":["Total consideration: $21.6B cash (subject to adjustments) plus 91.5M shares of HoldCo common stock.","Jetro equityholders expected to hold ~16% of outstanding HoldCo common stock after closing.","Financing via $22B senior unsecured 364-day bridge loan from Goldman Sachs and TD Bank.","Termination fee of $1.164B payable by Sysco if antitrust approval fails.","Closing expected by Sept 30, 2027, subject to HSR clearance, SEC Form S-4, and other conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-26-000922","json":"https://secwatch.observer/filing/0000950142-26-000922.json","markdown":"https://secwatch.observer/filing/0000950142-26-000922.md","text":"https://secwatch.observer/filing/0000950142-26-000922.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/96021/000095014226000922/0000950142-26-000922-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/96021/000095014226000922/eh260755710_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T08:30:36.293200+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0fa19d60faea9552de2c805a67280329c91a8b89","claim":"SYSCO CORP entered into Agreement and Plan of Merger with JRD Unico, Inc., Warehouse Realty, LLC (collectively, Jetro Restaurant Depot) valued at $21.6 billion in cash and 91.5 million shares of HoldCo Common Stock (effective 2026-03-30).","evidence_excerpt":"On March 30, 2026, Sysco Corporation, a Delaware corporation (“ Sysco ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with JRD Unico, Inc., a Delaware corporation (“ JRD ”), Warehouse Realty, LLC, a Delaware limited liability company (“ Warehouse Realty ”, together with JRD, known as “ Jetro Restaurant Depot ”), New Slider Holdco, Inc., a Delaware corporation and a wholly owned subsidiary of Sysco (“ HoldCo ”), Slider Merger Sub 1, Inc., a Delaware corporation and a wholly owned subsidiary of HoldCo (“ Merger Sub 1 ”), Slider Merger Sub 2, Inc., a Delaware corporation and a wholly owned subsidiary of HoldCo (“ Merger Sub 2 ”), Slider Merger Sub 3, LLC, a Delaware limited liability company and a wholly owned subsidiary of HoldCo (“ Merger Sub 3 ”), and a holder representative (the “ Holder Representative ”), solely in its capacity as the initial Holder Representative (as defined in the Merger Agreement).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/96021/000095014226000922/0000950142-26-000922-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"JRD Unico, Inc., Warehouse Realty, LLC (collectively, Jetro Restaurant Depot)"},{"label":"Value","value":"$21.6 billion in cash and 91.5 million shares of HoldCo Common Stock"},{"label":"Effective","value":"2026-03-30"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}