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Analysis

Sysco’s European expansion plan wipes $1.2bn off market cap

Part of rationale of deal for buying Brakes is the chance for more consolidation in European foodservice, says CEO, but $1.24bn wiped off market cap as a result

By Tom Seaman | Feb. 23, 2016 09:06 GMT
Sysco: US Foods exit of merger logical if preliminary injunction granted
Sysco created its seafood supplier of the year award in 2014
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Sysco Corporation plans to use UK-based Brakes Group as a platform for further deals in Europe, said the CEO of the US foodservice giant [...]

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