Sysco to Buy Jetro Restaurant Depot; US-Listed Aluminum Stocks Gain; Mag7 Stocks Rebound
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Show Notes
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Sysco (SYY), a large US food distributor, agreed to buy privately held Jetro Restaurant Depot LLC for $29.1 billion including debt. Under the terms of the acquisition, Jetro Restaurant Depot shareholders will receive $21.6 billion in cash and 91.5 million Sysco shares, the two companies said on Monday. The deal represents a multiple of more than 14 times Jetro Restaurant Depot’s operating income.
- US-listed aluminum stocks gain in premarket trading after a rally in the metal price following Iran’s attacks on Middle Eastern aluminum facilities.
- The magnificent seven cohort of US tech stocks rebound in Monday’s premarket trading, after the group suffered its worst one-week selloff in almost a year.
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