Gillian Tan, Columnist

Sysco's Deal News Isn't So Bad

Its planned takeover of Brakes Group looks expensive, but the reasoning makes sense.

February 22, 2016 at 7:27 PM UTC

Gillian Tan is a senior reporter covering finance and alternative asset classes including real estate, infrastructure, private equity, private credit, venture capital and sports business. She previously wrote an opinion column for Bloomberg and was a reporter at the Wall Street Journal. She is a qualified chartered accountant.

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Sysco's European foray got a frosty reception from investors, but in time they may warm up to it.

The $24 billion food distributor's stock fell as much as 6.5 percent on Monday, on track for the biggest single-day decline since 2008, after Sysco announced a $3.1 billion acquisition of Europe-focused Brakes Group.