Sysco Agrees to Acquire Brakes Group
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/12/2026
- US stocks close down as oil spikes 12%, job market weakens
- U.S. nonfarm payroll employment unexpectedly falls in February
- Oracle stock falls on report of scrapped Texas data center plans
- Kuwait cuts oil output as storage fills up
- Boeing reportedly nearing 500-aircraft deal with China ahead of Trump visit
- After-hours movers: Marvell, Samsara, GAP, Cooper Cos.
- After-hours movers: Broadcom, StubHub, Cracker Barrel, Grocery Outlet, Veeva Systems and more
- After-hours movers: Moderna, CrowdStrike, Ross Stores, Box and more
- After-hours movers: MongoDB, Credo, SoFi Technologies and more
- After-hours movers: Dell, Block, CoreWeave, Autodesk, MARA and more
Sysco Corp. (SYY) Ratings Placed on Review for Downgrade by Moody's
February 22, 2016 3:30 PM UTCMoody's Investors Service placed all ratings of Sysco Corporation (NYSE: SYY), including both the A2 senior unsecured and Prime-1 commercial paper ratings, on review for downgrade. These actions follow Sysco's announcement today that it is acquiring Brakes Group (parent is Cucina Acquisition UK Limited, which has a Caa1 corporate family rating), a UK-based foodservice distributor, from affiliates of Bain Capital for around $3.1 billion, which will include repayment of... More
