Sysco 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.
Sysco announces $1.5B accelerated share repurchase program Sysco announced that it has entered into accelerated share repurchase agreements to repurchase an aggregate of $1.5B of the company's common stock with an initial delivery of approximately 32M shares based on current market prices. The ASR is part of Sysco's $3B share repurchase program previously authorized by its board of directors and announced on June 29. Purchases under the ASR are expected to be completed by May 2016.