Sysco Corporation said Monday it will buy rival food distributor US Foods in a deal worth $8.2 billion once assumed debt is factored in. Also, SAC Capital Advisors has agreed to sell its SAC Re reinsurance arm to an investor group led by former Marsh & McLennan CEO Brian Duperreault.
December 12, 2013 at 12:00 AM
1 minute read
By Tom Huddleston Jr.
Sysco Corporation said Monday it will buy rival food distributor US Foods from its majority shareholders, private equity firms Clayton, Dublier & Rice and Kohlberg Kravis Roberts, in a deal worth $8.2 billion once assumed debt is factored in.
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