Financing ·
Sysco Corporation entered into an underwriting agreement on September 14, 2026, to sell 12,345,679 shares of common…
SYYSysco Corp
Sysco Corporation entered into an underwriting agreement on September 14, 2026, to sell 12,345,679 shares of common stock at $81.00 per share, with a 30-day option for the underwriters to purchase up to 1,851,851 additional shares to cover overallotments. The offering closed on September 16, 2026, generating approximately $967.4 million in net proceeds after deducting underwriting discounts and estimated expenses. Sysco intends to use these funds to pay a portion of the cash consideration for its pending acquisition of JRD Unico, Inc., along with related fees and costs. The company operates in the foodservice distribution industry.