secwatch.observer — SEC 8-K summary
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Issuer:     SYSCO CORP (SYY)
CIK:        0000096021
Form:       8-K
Filed at:   2026-03-30T23:59:59+00:00
Accession:  0000950142-26-000922
Event type: m_and_a
Sentiment:  positive
Materiality: 0.95
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/96021/000095014226000922/0000950142-26-000922-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/96021/000095014226000922/eh260755710_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-26-000922

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