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Sysco Buys Jetro For $29B
Description
Sysco agreed to acquire Jetro Restaurant Depot for $29B including debt, funding the deal with $21B in new debt and $1B in cash and equity. Jetro's cash-and-carry wholesale model complements Sysco's delivery network, with the deal expected to be accretive in the mid-to-high single digits in year one.
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