Sysco Issues Statement on Trian Partners Announcement
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Jefferies Raises Price Target on Sysco Corp. (SYY) to $45 As Trian Takes 7% Stake
August 17, 2015 11:51 AM EDTJefferies reiterated a Hold rating on Sysco (NYSE: SYY), and raised the price target to $45.00 (from $39.00), as Trian announces 7% stake in SYY. Trian is pushing for a board seat, improvements in profitability, increased debt leverage for share buyback and better management incentives. The 7% stake... More
Sysco Corp. (SYY) Responds to Trian, Says it Welcomes Collaborative Discussions
August 14, 2015 1:39 PM EDTSysco Corporation (NYSE: SYY) today issued the following statement regarding an SEC filing by Trian Partners:
"Sysco welcomes collaborative discussions with investors who share our interest in creating value by marketing and delivering great products to our customers with exceptional service. We... More
