reuters.com

D.E. Shaw reports stake of over $1B in Sysco as it adds tech directors

Sysco logoSysco
Sig2.74Sen+2.55Env0.00Soc+0.20Gov+1.65

D.E. Shaw, a New York hedge fund, has built a reported stake of more than $1 billion in Sysco. The Houston distributor plans to add two directors with technology, e-commerce and food-service experience next month and is accelerating AI use, targeting $100 million in fiscal 2027 savings. D.E. Shaw says it is excited about Sysco’s AI transformation and possible Restaurant Depot deal financing.

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