Deals
Sysco Approaches Germany’s Metro About Takeover
- Potential deal would be U.S. food distributor’s biggest-ever
- Sysco expressed interest last year, made new approach recently
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Sysco Corp. has approached German wholesaler Metro AG about a potential takeover, as the U.S. food distribution giant explores ways to expand in Europe, people with knowledge of the matter said.
Sysco has made fresh overtures to Metro in recent weeks, after first expressing interest in buying a stake last year, said the people, who asked not to be identified because talks are private. The companies are working with advisers, though discussions are at an early stage and may not lead to a transaction, the people said.