Law firm initiates investigation into Sysco following acquisition cost disclosures
Sysco Corporation shares fell 9.3% after the company reported quarterly results burdened by costs associated with its $29.1 billion pending acquisition of Jetro Restaurant Depot.
Sysco Corporation shares declined 9.3% on November 3, 2026, following the release of the company’s first-quarter fiscal 2027 results. The report revealed that operating income was significantly impacted by expenditures tied to the pending $29.1 billion acquisition of Jetro Restaurant Depot, a transaction currently awaiting clearance from the Federal Trade Commission (FTC).
Law firm SueWallSt, powered by Levi & Korsinsky LLP, has launched an investigation into whether Sysco provided materially misleading information regarding the regulatory review process and the financial impact of the acquisition. While management stated during their earnings call that the FTC process is substantially complete and expects to close the deal by the end of the fiscal third quarter, shareholders have faced significant losses amid the ongoing uncertainty.
Sysco has secured complex financing for the deal, including $11.75 billion in senior notes and $5 billion in hybrid debt. The investigation focuses on whether the company failed to adequately disclose the financial risks associated with the transaction, prompting a review for potential recovery options for affected investors.