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Sysco Buys US Food For $3.5B

  • Aired: 1/9/2013
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Synopsis >

This morning, Sysco (SYY) said it had agreed to buy US Foods for $3.5 billion from private equity owners KKR and Clayton, Dubilier & Rice. The deal includes $3 billion in Sysco stock and $500 million in cash, meaning that US Food shareholders will own approximately 13% of the combined company.

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