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Stock Market & Financial Investment News

News Breaks
February 4, 2013
10:17 EDTSYYSysco says sees 'a number' of acquisition opportunities
Says looking to complete potential transactions over next several quarters. Says sees lower CapEx in FY13 vs. FY12. Says sees pension expense lower in 2H by approximately $15M, sees 401(k) expense hgiher in 2H by $45M-$55M. Comments made on the Q2 earnings conference call.
News For SYY From The Last 14 Days
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May 19, 2015
09:58 EDTSYYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ascena Retail (ASNA) upgraded to Outperform from Market Perform at FBR Capital... Enphase Energy (ENPH) upgraded to Strong Buy from Buy at Needham... Fifth Third (FITB) upgraded on Vantiv outlook at Oppenheimer... Hortonworks (HDP) upgraded to Overweight from Equal Weight at Barclays... MasterCard (MA) upgraded to Overweight from Sector Weight at Pacific Crest... NetEase.com (NTES) upgraded to Buy from Neutral at Citigroup... Panera Bread (PNRA) upgraded to Outperform from Market Perform at Cowen... Potash (POT) upgraded to Market Perform from Underperform at Cowen... Reed Elsevier (RUK) upgraded to Buy from Neutral at Goldman... Royal Caribbean (RCL) upgraded to Overweight from Neutral at JPMorgan... Sysco (SYY) upgraded at Credit Suisse... THL Credit (TCRD) upgraded to Buy from Hold at Deutsche Bank... Take-Two (TTWO) upgraded to Buy from Neutral at Sterne Agee CRT... Tempur Sealy (TPX) upgraded on Sealy gross margin improvement at Longbow... TriState Capital (TSC) upgraded to Outperform from Market Perform at Keefe Bruyette... Xilinx (XLNX) upgraded to Overweight from Sector Weight at Pacific Crest.
06:40 EDTSYYSysco upgraded at Credit Suisse
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06:04 EDTSYYSysco upgraded to Outperform from Neutral at Credit Suisse
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May 18, 2015
06:50 EDTSYYSysco to be left with $1B in costs if US Foods deal blocked, Reuters says
Sysco has already spent more than $400M related to its planned acquisition of rival US Foods and if the deal does not close by early October the company would likely incur another $265M in losses and it will face a $300M break-up fee if the merger is blocked by regulators, calculated Reuters, citing regulatory filings. Reference Link
May 15, 2015
07:09 EDTSYYHayman Capital gives quarterly update on stakes
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May 14, 2015
10:26 EDTSYYRuling on request for Sysco injunction likely in June/July, CTFinancialNews says
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May 13, 2015
15:05 EDTSYYMomentum seems to shift towards Sysco during proceedings, CTFinancialNews says
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May 12, 2015
15:41 EDTSYYSysco deal with FTC on divestiture package still possible, CTFinancialNews says
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May 11, 2015
19:37 EDTSYYUS Foods threatens to terminate Sysco merger if court delays case, WSJ says
US Foods said it will "terminate" its proposed merger with Sysco if the courts issue a preliminary injunction of the deal, reports The Wall Street Journal, citing court statements by US Foods EVP of strategy David Schreibman. Additionally, the Journal notes that Sysco CEO Bill DeLaney responded to government concerns over price hikes, saying, "[Raising prices post-merger] would be a very stupid thing to contemplate." Reference Link

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