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Stock Market & Financial Investment News

News Breaks
August 11, 2014
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.
News For SYY From The Last 14 Days
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January 30, 2015
14:28 EDTSYYSysco February volatility elevated into Q2 and outlook
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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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