secwatch.observer — SEC 8-K summary
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Issuer:     SYSCO CORP (SYY)
CIK:        0000096021
Form:       8-K
Filed at:   2026-05-18T17:00:25+00:00
Accession:  0000950142-26-001434
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sysco targets $250M annual synergies in Restaurant Depot acquisition; pro forma EBITDA +45%
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- Deal to add ~$16B revenue; pro forma revenue +20%, Adj. EBITDA +45%, FCF +55%.
- Year 1 EPS accretion mid-to-high single digit; Year 2 low-to-mid teens.
- Net leverage to start at 4.5x, targeting 2.75x within 24 months via debt reduction.
- Plans 125+ net new U.S. locations over two decades; 80% of stores are owned.
- $250M annualized net cost synergies; additional upside beyond that figure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/96021/000095014226001434/0000950142-26-001434-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/96021/000095014226001434/eh260780816_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-26-001434

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