Sysco's $29B Restaurant Depot Merger: Industry Shakeup

0:00It's March 30, I'm Cory with the story. This is US News Today, driven by AI in Built For America. Cisco, the giant food distributor, is close to sealing a massive $29 billion deal to buy out restaurant depot, the big catering, supplier, and that figure includes their debt. Word from the Wallsheet Journal says restaurant depot's owners would pocket $21.6 billion in cash plus $91.5 million. This merger could shake up how food gets to restaurants and events nationwide, blending Cisco's supply chain muscle, with Deepo's warehouse network for, wholesalers. No official word yet from either company, when Reuters asked for comment, but sources close to the talk spilled the detail to the journal on Monday. Deals like this often move fast once they're this far along, so keep an eye out for the official announcement that could reshape the industry.