Entering text into the input field will update the search result below

Sysco adds Peltz, other Trian partner to board

Aug. 20, 2015 6:01 PM ETSysco Corporation (SYY) StockBy: Eric Jhonsa, SA News Editor
  • Six days after Nelson Peltz's Trian Fund Management disclosed a 7% stake in Sysco (NYSE:SYY), the company announces Peltz is joining the board, as is fellow Trian partner Josh Frank. The food distributor's board now has 12 members (10 independent).
  • CEO Bill DeLaney: "We respect Trian's experience and value the perspective they will bring ... As we previously announced, we plan to repurchase an incremental $3 billion in Sysco shares over the next two years and we will continue to further evaluate opportunities to optimize our capital structure, while improving productivity across our business. We look forward to providing additional details .. during our Investor Day on Sept. 15, 2015."
  • Shares +0.7% after hours to $40.85. They jumped last Friday after news of Trian's stake first emerged.

Recommended For You

More Trending News

About SYY Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
SYY--
Sysco Corporation
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.