Sysco priced a public offering of 12,345,679 common shares at $81 each, raising approximately $1 billion before expenses. The offering is expected to close on September 16, 2026, subject to customary conditions, and underwriters have a 30-day option to buy up to an additional $150 million of shares solely to cover overallotments. Sysco plans to use the net proceeds to finance part of the consideration for its pending acquisition of Jetro Restaurant Depot, although the offering is not contingent on completing the transaction. Under the acquisition agreement, Jetro shareholders will receive $21.6 billion in cash and 91.5 million Sysco shares. Sysco shares previously fell 3.70% to $80.45 in extended trading after the offering was announced.