Reuters Insider - Trading at Noon: Twitter soars; Sysco grabs US Foods

Sheng Yu Steel

09/12/2013 18:54

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 Source:             Thomson Reuters                                   
                                                                       
 Description:        Sysco says it would buy rival US Foods for about  
                     $3.5B to cement its position as the biggest U.S.  
                     food distributor                                  
 
 
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Transcript (May be auto-generated)

 A major deal and lead wires stock is soaring let's talk to read them out that he
-- Food distribution company right and I asked. Buying US. 3.5. Billion dollars 
why is Cisco's stock as the fire up about 12%. -- opportunities so basically the
company got their buying I used to pass earnings before interest tax 
depreciation and amortization of it haven't been six million dollars. -- athlete
for your time. They see synergies of at least economy and others. 

You restless like that so that's what this doubling up as -- -- this will be in 
supply Cheney administration. And will basically solidify. The position of 
discourse the number one them. -- distributor there. You own by which arms and 
tell us what they're getting Dickey RNC VNR day that what -- in 2007 from apple 
for seven point one. Billion dollars that you now including debt. Up by news. US
food eight point two billion dollars still waiting to have the exact potential 
BP firms they're getting -- -- -- to a large extent. In fact you know out of the
3.5 billion dollar in equity that wasting tax. Three billion dollar seems to -- 
stalk. And you know up private equity firms are -- you don't like to be paid -- 
scarce -- -- token of their faith now in -- synergies that we discussed. And 
wanna -- spitting outside so it was known about 30% of fiscal. In this 
transaction and we have to get -- tax returns before the deal. 

Yes foods what's marked a -- security balance sheet at one point three times its
investment cost. We have to see exactly. What matters now but even these will at
2007 deal that the equal to the lyrics by Abu. That radically different woman 
complained that the -- right and that's. That's the that's going to be the most 
strategic happens with the private equity firms. Buying -- company from one 
another all the times we reported last week on that. -- food distribution 
company at school that believes that food that negotiations to be acquired by 
Timothy T hop artist that is. Mostly went private equity sell that strategic 
that the strategic can capitalize on the scene he's with a record company and 
that -- -- about. OK so assuming it gets passed an anti trust issues because 
these are the top -- right so this creates a biggie. 

Does this embolden other buyers out there watching what's Cisco stock is doing 
today yes. So it hasn't been the big deal by the great and provisions. And that 
the that practice stock market action trying to. Corporate emanates you know 
what people expected to be. And send an investment back as private equity firms.
Many people in the industry will be called in that area action today. And we 
have to see basically how. The combined company desolate long term but -- will 
hope that deals like this where companies moving into by a rival to pick up 
front of such huge synergies. Wimbledon. Out of companies' CEOs to basically do 
some -- -- -- As you know a big deal is permanent here later thanks so much. 
Let's look at the stock other stocks that are on the move today and let's start 
with organic food because this is such a hot category what -- It's up three and 
a half percent and it's another buyer here who's benefiting from buying organic 
brand. Earth ballot. Farms lettuce and other package the three and 600 million 
dollar deal. Now this gives white wave to being organic brands also horizon 
organic and one that -- -- now there just in the side earthbound on. Good -- and
good 1980 Portman at night. Who moved at the -- about California and they are 
nine. So and that the deal there in the -- Barnes & Noble up 6% today and out 
from maxim group today. Saying that the EC investigation into Barnes and -- 
restatement of results in July should not impact ongoing cast low. Instead -- 
and as -- -- store comparable sales. That come out January 9 also look at how it
in the business is doing going forward at that hardware no. Business is on the 
decline let's -- on Abercrombie & Fitch. A retailer that's been in so much 
trouble of lay it down 3% today the company announced that it's going to extend 
CEO Mike efforts contract. For another year of the contract expires in February.
But investor engaged capital actually more re not like in rates capital because 
they sent a note board saying. This guy's got to go but he gets at least another
year according to the company and a percent. Twitter. Up about six and let -- --
Even more than -- and climbing all morning it looked like almost 8% today. It's 
having a great day a week to make it up a -- it's been lightening it up about 
that. Don't know exactly why that we thought we should point that out you. It's 
getting good good today and -- it. With that we'll say it follow us on Twitter 
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