Market Chatter: Sysco Investor DE Shaw Holds Stake Exceeding $1 Billion

MT Newswires Live

Aug 21

Sysco (SYY) investor DE Shaw holds a stake exceeding $1 billion in the food distributor, Reuters reported Thursday, citing two unnamed sources familiar with the matter.

The hedge fund has invested in the company for a decade, though the current size of its position was previously undisclosed, the news outlet reported, citing the sources.

This comes as Sysco plans to add two new board members next month to accelerate its use of artificial intelligence and boost operational performance, Reuters reported.

DE Shaw and Sysco did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0130518102.USD","symbol_name":"HARRIS ASSOCIATES GLOBAL EQUITY \"R\" INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2661526390","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2661526390","pubTimestamp":1787300275,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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