Senior financial analysts at Tochigi Ontario Holdings have today reported on American multinational food firm, Sysco, revealing it will buy U.S. Foods for a $3.5 billion cash and stock takeover, from Kohlberg Kravis Roberts (KKR) and Clayton, Dubilier & Rice (CDR). "Sysco and U.S. Foods will have an annual sale of $65 billion and a cash flow of $2 billion. One-third of this combined revenue will come from U.S. Food's sale, approximating about $22 billion," said Jonathan Turner, Head of Corporate Trading at Tochigi Ontario Holdings. Sysco has already witnessed a hype of about 10% in their sales on Monday afternoon trading. This reveals that the investors sense a sturdy strategic merger, which will lead to rapid growth and cut down costs. Houston-based Sysco will pay $3 billion in cash and $500 million in stock for U.S. Foods and has agreed to refinance its approximately $4.7 billion in outstanding debt. After counting debt, Sysco's total ...
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