Sysco (SYY) buys U.S. Foods in a deal that has a total enterprise value of close to $8.2B inclusive of the assumption of debt.
After the merger closes, US Foods shareholders will hold approximately 87M shares of Sysco.
The new combined company expects to realize annual synergies of $600M.
The deal is slated to close in Q3 of 2014.
SYY +10.2% premarket.