Sysco nears $29 billion deal to buy Restaurant Depot, WSJ reports

Sysco is nearing a roughly $29 billion deal including debt to acquire catering supplier Restaurant Depot, according to the Wall Street Journal. The transaction would be a large-scale consolidation in food distribution and catering supply, likely affecting competition and logistics across the sector and potentially triggering antitrust review. Expect meaningful stock- and sector-level moves on a formal announcement or if regulators signal objections.

Analysis

Sysco is nearing a roughly $29 billion deal including debt to acquire catering supplier Restaurant Depot, according to the Wall Street Journal. The transaction would be a large-scale consolidation in food distribution and catering supply, likely affecting competition and logistics across the sector and potentially triggering antitrust review. Expect meaningful stock- and sector-level moves on a formal announcement or if regulators signal objections.