Sysco Gain Shows No Buyer’s Remorse for Deals: Real M&A

Sysco Corp.’s biggest intraday stock jump since at least 1980 was just the latest blow to the conventional wisdom that acquirers should brace for a selloff.

After announcing yesterday its agreement to buy US Foods for $3.5 billion, Sysco’s shares rose as much as 26 percent and closed up 9.7 percent. Among the 25 largest acquisitions announced this year by U.S. companies, buyers’ share prices have risen more often than not on the first day of trading after the deal was announced, according to data compiled by Bloomberg.