SYSCO announces 20-million-share repurchase programme

Tue. September 23, 2008; Posted: 05:07 AM

Sep 23, 2008 (M2 EQUITYBITES via COMTEX) -- SYY | Quote | Chart | News | PowerRating -- SYSCO Corporation (NYSE:SYY), a foodservice marketer and distributor, announced on Monday (22 September) that the company's board of directors has approved a 20-million-share repurchase programme.

This newly authorised share purchase programme is reportedly SYSCO's fifteenth share repurchase programme since fiscal 1992.

SYSCO had previously approved a 20-million-share repurchase programme, which has approximately 3.0 million shares remaining.

The company said that these remaining shares will be repurchased prior to the initiation of the new programme.

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For full details on Sysco Corp (SYY) click here. Sysco Corp (SYY) has Short Term PowerRatings of 5. Details on Sysco Corp (SYY) Short Term PowerRatings is available at This Link.

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