Sysco to buy US Foods from private equity, shares leap


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An US Foods Chef's Store is seen in an undated publicity photo. Sysco Corp said it would buy rival US Foods Inc for about $3.5 billion and assume about $4.7 billion in debt to cement its position as the biggest U.S. food distributor, driving up Sysco's shares 30 percent before the bell. REUTERS/Handout via US Foods