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Stock Market & Financial Investment News

News Breaks
June 13, 2014
13:21 EDTSYYSysco volatility elevated on uncertainty of US Foods deal
Sysco Corporation June and July call option implied volatility is at 22, August is at 17; compared to its 26-week average of 17 according to Track Data, suggesting large near term price risk on the uncertainty of the purchase of US Foods.
News For SYY From The Last 14 Days
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January 29, 2015
06:43 EDTSYYFTC issues subpoenas regarding Sysco, US Foods merger, NY Post says
Indicating further delays and possible cancellation of the deal, regulators from the Federal Trade Commission sent subpoenas to a third-party food distributor this week regarding Sysco's (SYY) $8.2B merger with US Foods, reports the New York Post, citing a source with direct knowledge of the situation. The source said it is "shockingly unclear" whether the FTC is gathering information in order to approve the deal or to block it. Blackstone's (BX) Performance Food Group, which earlier agreed to buy $5B of Sysco assets to make Sysco's merger more palatable to regulators, did not receive a subpoena. Reference Link
January 22, 2015
05:49 EDTSYYStocks with implied volatility movement; SYY GGP
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January 16, 2015
14:24 EDTSYYFTC near end of Sysco deal review, with parties still divided, WSJ says
The Federal Trade Commission is close to wrapping up its review of the proposed merger of Sysco and U.S. Foods, but people familiar with the talks said gaps still exist between the two sides on potential divestitures and it remains possible the FTC could bring a civil suit challenging the deal, according to The Wall Street Journal. Reference Link

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