Sysco to buy US Foods for $8.2 bln including debt

Monday, 9 Dec 2013 | 8:13 AM ET

Dec 9 (Reuters) - Food distributor Sysco Corp said it would buy rival US Foods for about $3.5 billion and assume about $4.7 billion in debt to create a company with about $65 billion in annual revenue.

After the transaction closes, US Foods' shareholders will own about 13 percent of Sysco.

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