Post by : Bianca Qureshi
U.S.-based food distributor Sysco is reportedly nearing a major acquisition deal valued at approximately $29 billion to purchase catering supplier Restaurant Depot, including debt, according to a report by The Wall Street Journal on Monday.
As per sources familiar with the matter, the proposed transaction structure includes $21.6 billion in cash along with 91.5 million Sysco shares to be issued to Restaurant Depot shareholders.
Following the news, Sysco’s shares—backed by a market capitalization of around $39.2 billion—declined by nearly 2% in premarket trading, reflecting cautious investor sentiment.
If finalized, the deal is expected to significantly strengthen Sysco’s position in the food distribution sector, potentially reshaping competition across the catering and wholesale supply industry.
IndiGo Launches Daily Kolkata-Shanghai Direct Flight
IndiGo starts daily Kolkata-Shanghai flights, boosting business, leisure, and cultural ties, and hon
Sonam Kapoor Welcomes Second Child, Baby Boy Born
Sonam Kapoor and Anand Ahuja have welcomed their second child, a baby boy. Their firstborn Vayu is t
Sinner Wins Miami, Sweeps Indian Wells-Miami Masters
World No. 2 Jannik Sinner wins the Miami Masters, completing the Sunshine Double and claiming his th
Sysco Eyes Major $29B Restaurant Depot Acquisition Deal
Sysco is close to a $29B deal to acquire Restaurant Depot, offering cash and shares, as per WSJ. The
Disney Opens Frozen World at Disneyland Paris Park
Disney launches “World of Frozen” in Paris with a massive ice mountain, new rides, and attractions,
Fuel Price Surge Strains Kosovo Businesses, Farmers
Rising fuel costs from the Iran war are pushing up production expenses in Kosovo, forcing businesses
EWEC Gets Bids for Al Nouf 1 Power Project in Abu Dhabi
EWEC receives four global bids for Al Nouf 1, a 3.3GW carbon-capture-ready gas plant in Abu Dhabi, b
Bank of Baroda Faces Abu Dhabi Legal Battle over NMC Collapse
Bank of Baroda’s involvement in Abu Dhabi litigation tied to the NMC Healthcare collapse raises repu
Top Museum Openings of 2026 Set to Transform Global Tourism
From Los Angeles to Abu Dhabi and Brussels, 2026 brings major museum launches—Lucas Museum, Guggenhe
UAE Tour Highlights UAE’s Strength in Hosting Global Sports Events
Abu Dhabi Sports Council says the successful UAE Tour reflects the UAE’s leading role in hosting maj
EU Seeks Clarity from US After Supreme Court IEEPA Ruling
European Commission urges full transparency from the US on steps after Supreme Court ruling, emphasi
SpaceX Launches 53 New Satellites for Expanding Starlink Network
SpaceX launches 53 Starlink satellites in two Falcon 9 missions, breaking reuse records and expandin
RTA Awards Contract for Phase II of Hessa Street Upgrade in Dubai
Phase II of Hessa Street Development to add bridges, tunnel, and upgraded intersections, doubling ca
UAE Gold Prices Today, Monday 16 February 2026: Dubai & Abu Dhabi Updated Rates
Gold prices in UAE on 16 Feb 2026 updated: 24K around AED 599.75/gm, 22K AED 555.25/gm, and 18K AED
Over 25 Ahmedabad Schools Receive Bomb Threat Email, Authorities Investigate
More than 25 schools in Ahmedabad evacuated after bomb threat emails mentioning Khalistan. Authoriti
