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January 25, 2014
15:41 EDTSYYFTC picked to review Sysco's merger with US Foods, WSJ says
U.S. antitrust regulators have decided that the Federal Trade Commission will be the agency to review Sysco's merger with US Foods, says the Wall Street Journal. Reference Link
News For SYY From The Last 14 Days
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August 19, 2014
17:23 EDTSYYSysco awarded $281.25M government contract
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August 11, 2014
11:02 EDTSYYSysco continues to look at transactions
Says "fairly occupied" right now planning for U.S. Foods integration. Says will be "a little difficult" to do deals in the U.S. while it works to get U.S. Foods deal approved.
10:23 EDTSYYSysco says long-term sales growth guidance "reasonable"
Says guidance includes inflation, excludes U.S. Foods deal. Sees inflation returning to more modest historic levels. Comments made on the Q4 earnings conference call.
09:57 EDTSYYSysco sees long-term sales growth 4%-6% annually
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09:50 EDTSYYSysco sees U.S. Food merger closing in late Q3 or in Q4
Sysco said in slides that will be presented on its Q4 earnings conference call that FTC discussions continue to be productive. Remains on track to achieve Business Transformation financial target for FY15.
08:05 EDTSYYSysco reports Q4 adjusted EPS 50c, consensus 50c
Reports Q4 revenue $12.3B, consensus $12.14B.
August 7, 2014
15:17 EDTSYYSysco August volatility elevated into Q4 and outlook
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13:14 EDTSYYSysco now sees US Foods merger closing late Q3 or during Q4
Sysco said earlier today that the FTC's review of the Sysco-US Foods proposed merger continues to proceed as expected. It is anticipated that the transaction will close either late in Q3 or during Q4 of this calendar year.

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