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Stock Market & Financial Investment News

News Breaks
August 7, 2014
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.
News For SYY From The Last 14 Days
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May 26, 2015
20:51 EDTSYYCitigroup to hold a conference
Global Consumer Conference is being held in New York on May 27-28.
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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