Food distributor Sysco is nearing a $29 billion deal to acquire catering supplier Restaurant Depot, including debt, the Wall Street Journal reported on Monday.
Shares of Sysco, which has a market cap of $39.2 billion, were down about 2% in premarket trading.
According to the terms of the deal, Restaurant Depot shareholders would receive $21.6 billion in cash and 91.5 million Sysco shares, the report added, citing people familiar with the matter.
Sysco and Restaurant Depot did not immediately respond to Reuters requests for comment.
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