---
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"
generated_at: "2026-05-15T08:30:36.293200+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Sysco to acquire Jetro Restaurant Depot for $21.6B cash and stock; forms new HoldCo

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-26-000922
- JSON: https://secwatch.observer/filing/0000950142-26-000922.json
- Plain text: https://secwatch.observer/filing/0000950142-26-000922.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: merger
  - Counterparty: JRD Unico, Inc., Warehouse Realty, LLC (collectively, Jetro Restaurant Depot)
  - Value: $21.6 billion in cash and 91.5 million shares of HoldCo Common Stock
  - Effective: 2026-03-30
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/96021/000095014226000922/0000950142-26-000922-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.