Sysco Prices 12,345,679-Share Common Stock Offering at $81.00

Corporate Action
โดย GlobeNewswire·US·Read original
Summary · why it matters

Sysco Corporation announced the pricing of its previously announced public offering of 12,345,679 shares of common stock at $81.00 per share, with the offering expected to close on September 16, 2026, subject to customary closing conditions. The company has granted the underwriters a 30-day option to purchase up to an additional $150 million of shares solely to cover overallotments, if any, at the same price per share. Sysco intends to use the net proceeds to finance a portion of the consideration for its pending acquisition of Jetro Restaurant Depot, and the offering is not contingent on the consummation of that acquisition. Goldman Sachs & Co. LLC and TD Securities (USA) LLC are acting as lead book-running managers, with BofA Securities, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC also acting as book-running managers. The offering is being made by means of a prospectus supplement under Sysco's shelf registration statement on Form S-3ASR filed with the Securities and Exchange Commission.

Impact on stocks 3

Financials▲ · 2 stocks
Consumer Staples▼ · 1 stocks
Sysco Corporation
SYY
▼ NegativeCapitalrelevance

Sysco prices a 12.3M-share equity offering at $81 to fund the Jetro acquisition, diluting shareholders.

Off-coverage companies 2

Jetro Restaurant DepotPrivate▲ Positive
Capitalrelevance

Sysco's offering proceeds will finance part of the consideration for its pending acquisition of Jetro Restaurant Depot.

J.P. Morgan Securities LLCPrivate± Mixed
relevance

© 2026 MarketDXNews