Sysco 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.
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.