Sysco Corp (SYY) News

:Sysco Corp. Q2 Profit Increases, beats estimates:

https://www.nasdaq.com/articles/sysco-corp.-q2-profit-increases-beats-estimates

Sysco to buy 800 Freightliner eCascadias from Daimler Truck N.A.

May 31, 2022
https://www.thebuzzevnews.com/sysco-freightliner-ecascadia-daimler-truck/

Sysco unveils first heavy-duty EV hub
The Riverside project is a foundational step toward Sysco’s goal to reduce its direct emissions by 27.5% and add 2,800 electric trucks to its U.S. fleet by 2030.

May 17, 2023
https://www.fleetequipmentmag.com/sysco-heavy-duty-ev-hub/

Avg $71.28, looking good, dividend capture $SYY

Gonna be adding $SYY

Adding

Hmmm

Looks ready to Bust new highs, what do I know, Jmo

Beast

Everybody gotta eat $SYY

Adding

The big beat and gaining!

Sysco Corp $SYY fundamental analysis highlights stock's near Fair Value b4 earnings Monday:

Fair Value Analysis

Yes if only I could have seen a year into the future.. Action didn't start for 6mo after that post lol

Looks like it was a leg up!

Or next leg down!

All eyes on SYY; time for next leg up

Wow that went straight up SYY...

A good earnings report as usual for SYY..

SYY EARNINGS due this morning before market opens...

Looks like sysco is going have some more work to do to get customers in Minnesota.. Big distribution

100-Acre Distribution Center Could Come to St. Joseph
By Dan DeBaun May 18, 2015 8:07 PM
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Photo: City of St. Joseph
ST. JOSEPH – A nearly 100 acre distribution center could be coming to St. Joseph.
St. Joseph Mayor Rick Schultz says a developer is looking into the possiblity of building the center in town. City documents say the proposed location for the center could be near 19th Avenue Northeast and County Road 133.
The center is proposed on about 100 acres of primarily agricultural land in town. The project proposes a total building area of 745,000 square feet.
City documents say KDN Holdings, a food service supplier based in Massachusetts, is the company exploring the land. Schultz couldn’t comment or confirm what kind of business would be operating the potential center, but says it could bring hundreds of jobs to the area.
“It will employ about 200 plus people and it’s gone through the Minnesota Department of Employment and Economic Development,” Schultz says.
City documents say construction on the possible distribution center could start this fall.
Schultz says the city would chip in a little money to help with permitting and infrastructure.
The city council authorized administration to distribute an environmental assessment worksheet for the project on Monday night. The project is still only in its initial phases and needs further city discussion and approval.


Read More: 100-Acre Distribution Center Could Come to St. Joseph | http://wjon.com/100-acre-distribution-center-could-come-to-st-joseph/?trackback=tsmclip


KDN Holdings (dba Agar Supply) is a leading wholesale food service supplier serving some 5,000 restaurants, schools, and hospitality operators in six New England states. Recognized for its assortment of meats, poultry, and seafood, the company also distributes a variety of produce, dairy items, and herbs, as well as non-food products (such as kitchenware and cleaning supplies). In addition, Agar provides retailers with grocery goods. The company carries 12,000 SKUs. including its own Nautifish and Bull Pen brands. Founded by Karl Bressler in 1940, KDN Holdings is owned by Reinhart FoodService. - See more at: http://www.alacrastore.com/storecontent/Hoovers-Company-Records/KDN-Holdings-Inc-109731#sthash.A94Xal9N.dpuf

8 k out... The parties mutually agreed to terminate the Merger Agreement following the decision of the U.S. District Court for the District of Columbia to grant the Federal Trade Commission’s request for a preliminary injunction to block the transactions contemplated by the Merger Agreement.

The Company has paid a termination fee of $300 million to USF in connection with the termination of the Merger Agreement. The foregoing description of the Termination Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Termination Agreement, which is filed herewith as Exhibit 10.1 and incorporated herein by reference.

SYY Earnings out....

Wow they already have Winnipeg and Regina now Ontario? ??? Sysco a powerhouse in foodservice. ...

Sysco filed the memorandum yesterday in the U.S. Federal District Court for the District of Columbia in opposition to the FTC's motion for preliminary injunction. A hearing on the FTC's motion is scheduled to begin May 5, during which the company intends to emphasize, at minimum, the following points:

It isn't done yet but gl SYY...

Their going to get it done imo..

Sysco Offers to Sell 11 Facilities to Win Merger Approval

By DAVID GELLES

FEBRUARY 2, 2015

It has been more than a year since Sysco, the big food distributor,agreed to buy its closest rival, US Foods, for $3.5 billion. Now, Sysco finally believes it has come up with a way to get the deal past antitrust regulators.

Sysco said on Monday that it had agreed to divest 11 distribution centers in a bid to obtain the blessing of regulators including the Federal Trade Commission. Sysco will sell the centers for an undisclosed sum to Performance Food Group, which will be its nearest rival after the deal for US Foods closes.

Anybody know updated status of this? Sysco at Standstill With FTC Over US Foods Deal -- 2nd Update

Sysco Corporation (NYSE:SYY) announced today that it will webcast its second quarter of fiscal 2015 earnings conference call at 10 a.m. (Eastern), Monday, February 2. A webcast replay of the conference call will be available on Sysco's website shortly after the live webcast is completed until February 2, 2016.

SYY

Getting closer to merge with us foods... Minnesota news
http://mobile.reuters.com/article/idUSKBN0JT1VW20141215?irpc=932

SYY looking good ...

UP UP It will go..

Sysco kicking ask there's plenty room to move up more....

SYY creeped up to new high other than dec when announced US FOODS merge....

SYY big GREEN again. ....

http://www.secform4.com/insider-trading/96021.htm

On October 2, 2014, Sysco terminated the 364-Day Bridge Term Loan Agreement (the “Bridge Term Loan Agreement”), dated January 31, 2014, among Sysco, the guarantors party thereto, the lenders party thereto and Goldman Sachs Bank USA, as Administrative Agent, following the receipt of the net proceeds of the offering of the Notes described in Item 1.01 of this report. The Bridge Term Loan Agreement provided for a 364-day senior unsecured bridge credit facility pursuant to which, subject to the terms and conditions set forth therein, Sysco could have borrowed up to $3.3865 billion in term loans on the closing date of the Merger to fund the Merger, refinance certain indebtedness of US Foods, Inc. and pay related fees and expenses.

Sysco to Issue Unsecured Notes to Finance US Foods Merger

http://finance.yahoo.com/news/sysco-issue-unsecured-notes-finance-172002741.html

Sysco Corporation will be required to redeem the notes in whole, at a redemption price equal to 101% of the aggregate principal amount the notes, plus accrued and unpaid interest from and including the date of initial issuance, or the most recent date to which interest has been paid, whichever is later, to but not including the date of special mandatory redemption, if the merger between Sysco Corporation and USF Holding Corp. does not occur on or prior to October 8, 2015 or if the agreement relating to such merger is terminated on or prior to October 8, 2015.
Change of Control: Upon the occurrence of both (i) a change of control of Sysco Corporation and (ii) a downgrade of the notes below an investment grade within a specified period, as more particularly described in the preliminary prospectus supplement, Sysco Corporation will be required to make an offer to purchase the notes at a price equal to 101% of their principal amount, plus accrued and unpaid interest to the date of repurchase.
Expected Settlement Date: T + 7; October 2, 2014

Big green today SYY....

Chart is looking good at SYY....

SYY

http://stockcharts.com/c-sc/sc?s=SYY&p=D&yr=1&mn=0&dy=0&i=p62644462939&r=9553

8K out SYY...

Earnings out Aug 11 SYY....

News out on Sysco and US Foods merger....

Earnings out..
SYY CHARTS
http://stockcharts.com/c-sc/sc?s=SYY&p=D&b=5&g=0&i=t03489129967&r=1399222199065
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http://finviz.com/chart.ashx?t=SYY&ty=c&ta=1&p=d&s=l
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http://stockcharts.com/c-sc/sc?s=SYY&p=D&yr=1&mn=0&dy=0&i=p62644462939&r=9553
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http://shortsqueeze.com/?symbol=SYY&submit=Short+Quote%99
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http://bestofbothinfood.com/
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Facts About the Sysco-US Foods Merger
http://bestofbothinfood.com/news-media/updates/facts-about-the-sysco-us-foods-merger/

May 5 Earnings Report....

http://finviz.com/chart.ashx?t=SYY&ty=c&ta=1&p=d&s=l

http://shortsqueeze.com/?symbol=syy&submit=Short+Quote%99