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Exclusive: Sysco, US Foods offer to divest 11 facilities to win FTC deal approval

2015-01-31 01:25:02| Food - Topix.net

Food distributor Sysco Corp and its biggest rival, US Foods Inc , have offered to sell a smaller competitor 11 facilities in order to convince skeptical antitrust regulators to approve their $3.5 billion merger, a source briefed on the matter told Reuters. The deal, proposed in December 2013, is seen as problematic because Sysco and US Foods are the only companies with the geographic reach to offer nationwide contracts to deliver a wide range of goods to customers ranging from hotel chains to hospitals to fast food chains and fine restaurants.

Tags: offer win deal facilities

 

Zacks Reaffirms Neutral Rating for SYSCO

2015-01-18 00:26:07| Food - Topix.net

's stock had its "neutral" rating restated by Zacks in a research note issued on Friday. They currently have a $42.00 price objective on the stock.

Tags: rating neutral reaffirms zacks

 
 

Sysco Launches New Microsite to Benefit the Foodservice Industry's Fast-Growing Hispanic Segment

2015-01-06 18:53:36| Food - Topix.net

Sysco Corporation , North America's leading foodservice distribution company, announced today the launch of a dual-language microsite geared toward the foodservice industry's Hispanic segment, which represents the United States' fastest-growing ethnic population. Sysco's new "Sobremesa" site provides both English and Spanish speakers a mobile-friendly platform with culturally relevant content that addresses diverse dining trends in the U.S and better serves the needs of Hispanic foodservice operators.

Tags: benefit segment launches hispanic

 

Sysco Named Top 25 SAFE Dividend Stock Increasing Payments For Decades

2014-12-30 17:35:56| Food - Topix.net

Corp. has been named to the Dividend Channel "S.A.F.E. 25" list, signifying a stock with above-average "DividendRank" statistics including a strong 3.0% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent "DividendRank" report. According to the ETF Finder at ETF Channel , Sysco Corp. is a member of the iShares S&P 1500 Index ETF , and is also an underlying holding representing 1.49% of the SPDR S&P Dividend ETF , which holds $210,005,548 worth of SYY shares.

Tags: top stock safe increasing

 

Ex-Dividend Reminder: Sysco Corp., Rent-A-Center and CST Brands

2014-12-27 05:30:17| Food - Topix.net

Inc will all trade ex-dividend for their respective upcoming dividends. Sysco Corp. will pay its quarterly dividend of $0.30 on 1/23/15, Rent-A-Center Inc. will pay its quarterly dividend of $0.24 on 1/22/15, and CST Brands Inc will pay its quarterly dividend of $0.0625 on 1/15/15.

Tags: brands corp reminder cst

 

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