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US food giant Sysco announces a $29 billion agreement for catering company Restaurant Depot

US food giant Sysco announces a $29 billion agreement for catering company Restaurant Depot

Summary:

  • The deal will be financed with $21 billion in new and hybrid debt, with an additional $1 billion on hand.
  • Sysco shares are down roughly 8% in premarket trading.
  • Restaurant Depot shareholders will own approximately 16% of Sysco following the transaction.
  • Sysco suspends share repurchase program amid acquisition

Sysco (SYY.N) will buy catering supplier Jetro Restaurant Depot for $29 billion, including debt, boosting its presence among price-conscious independent eateries.

 

Sysco’s shares, which have a market valuation of $39.2 billion, tumbled almost 8% in premarket trade after the firm announced that it will finance the acquisition with $21 billion in new and hybrid debt, as well as $1 billion in cash and equity.

 

The acquisition would be the latest large deal across consumer-facing industries, following recent merger talks involving companies such as Unilever, Estee Lauder, and Pernod Ricard. Firms are seeking scale to withstand weakening demand and stubbornly increasing costs.

 

CASH AND CARRY HEFT

Jetro Restaurant Depot, a family-owned business, offers a wholesale cash-and-carry model where clients pay upfront for food, beverages, and takeaway containers. This complements Sysco’s delivery network that serves restaurants, hospitals, and hotels.

US food giant Sysco announces a $29 billion agreement for catering company Restaurant Depot

Sysco and Jetro Restaurant Depot will expand access to affordable, fresh food products and provide more choice and convenience for small independent restaurants and consumers, according to CEO Kevin Hourican in a statement. Restaurant Depot has approximately 166 warehouse locations across 35 U.S. states.

 

Restaurant Depot shareholders will receive $21.6 billion in cash and 91.5 million Sysco shares, or approximately 16% of the merged company, according to the companies.

 

Last year, US Foods (USFD.N) halted merger talks with Performance Food (PFGC.N), which would have combined the nation’s No. 2 and No. 3 food-service distributors to compete with industry leader Sysco and decrease costs.

 

In June 2015, a US federal judge granted the Federal Trade Commission’s attempt to prevent Sysco’s $3.5 billion acquisition of US Foods. The regulator said that the agreement would create a behemoth, potentially raising costs on items supplied to national customers.

 

Sysco expects the transaction to increase profits per share by a mid- to high-single-digit percentage within the first year of closing, by the third quarter of fiscal 2027.

 

The corporation has paused share repurchases and confirmed its yearly expectations. Sysco, a supplier of steaks, fillets, and frozen items to fast-food chains like KFC and Subway, upped its full-year profit prediction earlier this year, citing stable demand despite macroeconomic constraints.

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National News

Trump news at a glance: Generational divide over Iran war emerges at key conservative conference.

Trump news at a glance: Generational divide over Iran war emerges at key conservative conference

Younger conservatives are dissatisfied with Donald Trump’s choice to initiate a war against Iran. Key US political articles from March 29.

 

A generation gap has surfaced over the Iran conflict between elder guests and their political descendants at this year’s Conservative Political Action Conference (CPAC) in Texas as the group’s leaders called for unity ahead of a difficult midterm election year for Republicans.

 

Younger conservatives expressed dissatisfaction and even “betrayal” over Donald Trump’s commencement of strikes against Iran, claiming that the president’s actions contradict his previous promises to avoid foreign entanglements.

 

Meanwhile, older conservatives were seeing past Trump’s campaign critique of military action to destabilize foreign regimes, claiming that the battle in Iran is a realistic decision motivated by dangers to the United States.

 

Maga’s fear over the Iran war is evident at CPAC.

CPAC is typically a source of hope, if not triumph. But, for the first time in a decade, the president did not attend, reportedly preoccupied with the war in Iran. In his absence, the crowd gathered in a large ballroom to hear well-known but less powerful Maga personalities discuss the direction of their movement. Their chief fear is how a president who campaigned on eliminating wars could be considering a ground invasion of Iran.

 

Iran accuses the US of planning a ground strike while offici

ally seeking talks.

Iran has warned the US that it is ready to resist any ground assault, accusing Washington of secretly planning a land strike while outwardly seeking talks, as the war that has killed thousands of people and caused the most severe disruption to world energy supplies enters its second month.

Trump news at a glance: Generational divide over Iran war emerges at key conservative conference.

Lawmakers respond to reports. The Pentagon is preparing for ground operations in Iran.

US politicians have responded to allegations that the Pentagon is preparing for weeks of ground operations in Iran, as thousands of US troops gather in the Middle East and the fight appears to be approaching a more deadly phase.

 

James Lankford, a Republican senator, told NBC’s Meet the Press that he had not ruled out assisting troops on the ground, but that “we need to know what the objectives are and what they’re actually doing.”

 

DHS has experienced the longest partial government shutdown in US history.

The Department of Homeland Security (DHS), the fourth largest agency in the US government, had the longest partial closure in US history on Sunday. If the six-week partial shutdown continues into the weekend, it will be the longest closure ever, surpassing last year’s standoff, which lasted 43 days.

 

Despite bans, the US abortion rate remains stable, according to a new analysis.

The abortion rate in the United States has remained stable despite total and partial restrictions in some states, owing primarily to cross-state travel and a major increase in telemedicine appointments, according to a recent analysis.

 

Abortions in the United States climbed slightly last year, from 1.124 million to 1.126 million, according to Guttmacher Institute research. There is also a shift away from travel and toward telemedicine, in which clinicians may prescribe mail-order medications.

 

What else happened today?

In an apparent rebuke to the Trump administration, Pope Leo stated that God rejects the prayers of those who conduct war and have “hands full of blood.” The pontiff made the remarks on Sunday, as thousands of US troops arrived in the Middle East.

 

According to organizers, more than 8 million people protested the Trump administration on Saturday in over 3,300 No Kings events in the United States and more than a dozen other countries.

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World News

MOSI to organize an Artemis II watch party

MOSI to organize an Artemis II watch party

On Wednesday, the Artemis II launch will be broadcast live in the Saunders Planetarium at the Museum of Science and Innovation in Tampa.

 

Why it matters: You can witness NASA’s first crewed lunar mission in over 50 years inside an eight-story, 360-degree planetarium, one of the largest cinemas of its kind in America.

 

The watch party coincides with the planetarium’s one-year anniversary and is part of the museum’s larger effort to turn itself into a full-day, multi-visit attraction.

 

Since last April, there has been a film about Artemis II called “To the Moon.”

MOSI’s watch party will include a live webcast of the launch and specialists answering audience questions. VIP tickets include food, drinks, and access to the dome’s rooftop and telescope.

MOSI to organize an Artemis II watch party

Inside the room: I saw the Artemis II documentary in the planetarium last year, and I can’t describe how fantastic it was.

 

Before the film began, the planetarium showed us the night skies above Tampa, and an attendant used a laser pen to point out constellations and explain their history.

 

I thought the images were excellent (😉).

If you go, general admission costs $30 for adults and $15 for children. VIP tickets cost $45, and they are only available to individuals 21 and older.

 

Categories
Sports

The Vegas Golden Knights have announced changes to their coaching staff

The Vegas Golden Knights have announced changes to their coaching staff

VEGAS (March 29, 2026) – Vegas Golden Knights General Manager Kelly McCrimmon announced today (March 29) the following changes to the team’s coaching staff: Bruce Cassidy has been released of his duties, and John Tortorella has been named head coach.

 

“We thank Bruce Cassidy for his dedication to our hockey club and community over the past four seasons,” he stated.Bruce will be regarded with high regard by our organization for what he did here. With the stretch run of the 2025-26 regular season approaching, we believe a change is required for us to return to the standard of play expected of our team.

 

We bring in John Tortorella, a Stanley Cup champion as well as one of the NHL’s most experienced and renowned coaches. His guidance will be invaluable to our team at this critical juncture in the season. We’re looking forward to welcoming John to Vegas.”

 

Tortorella has spent 23 seasons as an NHL head coach, the most recent with the Philadelphia Flyers (2022-25). Before coming to Philadelphia, he was the Columbus Blue Jackets’ head coach for six seasons (2015-21).

 

He led Columbus to its first-ever second-round appearance in the Stanley Cup Playoffs in 2019, and after the Blue Jackets’ 2016-17 season, he was named the NHL’s top coach. Tortorella also served as head coach of the Vancouver Canucks (2013-14), New York Rangers (1999-00, 2008-13), and Tampa Bay Lightning (2000-08).

The Vegas Golden Knights have announced changes to their coaching staff

Tortorella has coached 1,620 NHL games, ranking sixth overall and first among coaches born in the United States. His 770 wins rank second among American coaches and eighth among all NHL head coaches.

 

Tortorella’s teams have won 56 more games in the postseason, including 12 visits to the Stanley Cup Playoffs overall. His teams won the division three times (2002-03, 2003-04, 2011-12), advanced to the conference finals twice (2003-04, 2011-12), and reached the Stanley Cup Final once (2003-04).

 

For the first time in his career, the veteran coach’s name appeared on the Stanley Cup with Tampa Bay in 2004, and he also won the Jack Adams Award that year. Tortorella is one of just four coaches in NHL history to have won the Jack Adams Award with two different teams.

 

The Boston native has extensive international competition experience, most recently in February at the 2026 Olympic Winter Games, where he served as an assistant coach for the United States and helped the Americans win gold in Milan alongside forward Jack Eichel and defenseman Noah Hanifin.

 

Tortorella was coaching at the Winter Olympics for the second time, having previously done so in 2010 when the Americans won a silver medal in Vancouver. Tortorella also served as an assistant coach for USA Hockey at the 2025 Four Nations Face-Off, as well as head coach for the 2016 World Cup of Hockey and the 2008 IIHF Men’s World Championship.

 

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Sports

Warriors’ instant analysis: Winning streak ends in Denver despite big games from Podziemski and Porzingis

Warriors’ instant analysis: Winning streak ends in Denver despite big games from Podziemski and Porzingis

 

The Warriors take a lead into halftime but cannot overcome the Nuggets’ third-quarter avalanche.

Something had to give at Denver’s Ball Arena on Sunday night. The Warrior traveled to Colorado on a three-game winning streak, facing a Denver team that had won five straight games.

 

Despite attempting to disrupt the Nuggets’ balletic Nikola Jokic-led offense with hard play, the Steph Curry-less Warriors ran out of steam late in a 116-93 loss.

 

The Warriors led at halftime, but the Nuggets took charge in the third quarter, outscoring Golden State 40-21.

 

Brandin Podziemski scored 23 points and hit 5 of 8 3-pointers, while Kristaps Porzingis scored 23 points and nailed 5 of 5 triples, his fifth game with at least 20 points as a Warriors player.

Jokic led Denver with 25 points, 15 rebounds, and eight assists, while Jamal Murray added 20.

 

A fight broke out with 9:57 left in the second quarter when Zeke Nnaji fouled Gary Payton II to stop a fastbreak. LJ Cryer collided with Jamal Murray, then Melton, Payton, and Nnaji began shoving one another following the instigating incident.

 

Melton, Payton, and Nnaji all received technical fouls. Payton’s fireworks didn’t stop there, as he was a key part of the Warriors’ 19-2 run to start the quarter.

 

With 3:54 remaining in the quarter, Payton forearm-checked Peyton Watson on a rebound attempt, sending the Nuggets’ wing sprawling.

 

Payton was called for a flagrant foul, but the Warriors held on to lead 53-46 at halftime. It was an advantage that would not withstand Jokic’s onslaught in the third quarter, when he scored 10 points, five rebounds, and four assists to propel the Nuggets to a lead they would not surrender.

Warriors’ instant analysis: Winning streak ends in Denver despite big games from Podziemski and Porzingis

The Warriors (36-39) remain the 10th seed in the Western Conference playoffs. They’ll return to the Bay Area to face the Spurs on Wednesday.

Seth Curry returns.

While Steph Curry recovers from runner’s knee, the Warriors welcome back his younger brother on Sunday.

 

Seth Curry has returned to the active roster after missing the previous eight games due to a thigh injury. He was only available to participate in his sixth game of the season, having missed the majority of them due to sciatica.

 

He had a modest return to action, scoring zero points on 0 of 1 shooting in seven minutes.

 

Keeping with the Warriors’ injury-plagued season, rookie sensation Will Richard was sidelined with a left heel ailment.

 

In addition, Quinten Post exited in the second quarter, appearing to worsen his ailing right foot. The Warriors were already without Al Horford (calf).

Kerr’s encouraging words

With baseball season officially begun—even if nobody apparently told the 0-3 Giants—every team believes it can win a World Series.

 

But few, if any, consider how painful it will be to lose a title in October, as Blue Jays manager John Schneider experienced last season when his team blew a 3-2 series lead to the Dodgers.

 

It is something Warriors coach Steve Kerr can connect to.

The Toronto manager told The Athletic that Kerr wrote a handwritten message to Schneider the day after Game 7 of the World Series, but the envelope was unopened until this week.

 

“The pain was real,” Kerr stated. “The group’s character and connection, however, always withstand terrible losses. The loss will not define you, but how you and your teammates handled yourselves afterwards will.

 

Kerr has won four titles with the Warriors, but he has also lost two Finals games. The most notable was the 2016 Finals, when the Warriors blew a 3-1 lead against the Cleveland Cavaliers.

 

“I like the idea of coaches supporting other coaches,” Kerr told The Athletic. “It’s a great profession, but it’s also a hard one.”

 

Categories
Local News

Frontier flight investigated for verbal bomb threat at Atlanta Airport

Frontier flight investigated for verbal bomb threat at Atlanta Airport

The Brief:

  • Law enforcement officers met a Frontier Airlines flight from Ohio at Hartsfield-Jackson Atlanta International Airport in response to a purported bomb threat.
  • Authorities moved the aircraft to a secluded location to investigate the claim, which ultimately proved false.
  • The Federal Bureau of the probe is overseeing the probe.

Atlanta -A passenger’s verbal bomb threat prompted a law enforcement investigation when a Frontier Airlines flight arrived in Atlanta on Sunday afternoon.

 

What We Know:

Flight 2539 from Columbus, Ohio, had just landed and was taxiing to the gate just after 5 p.m. when a passenger issued a verbal bomb threat, according to a Frontier Airlines representative.

 

Out of an abundance of caution, the aircraft was diverted to a remote location away from the terminal while law authorities arrived to investigate.

 

Passengers were reportedly removed from the plane and bused to the terminal. Authorities eventually found that the passenger’s threat was not genuine.

Frontier flight investigated for verbal bomb threat at Atlanta Airport

Atlanta police said the incident featured an “unruly passenger,” and it is not being investigated as a hijacking.

 

While the danger was ultimately determined to be a false alarm, the response followed regular safety protocols for claims of explosives on approaching aircraft.

 

What We Don’t Know:

Officials have yet to reveal the identity of the person who made the threat or confirm whether any charges have been filed.

 

It is also unclear whether the probe caused any substantial delays for other flights coming or departing from Hartsfield-Jackson.

 

What happens next?

The Federal Bureau of Investigation is leading the investigation of the incident.

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Uncategorized

Kim Novak criticizes Sydney Sweeney’s casting in Scandalous!’: “She Was Totally Wrong to Play Me”

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World News

Olivia Munn’s “no symptoms” breast cancer diagnosis inspired a lifesaving awareness campaign

Olivia Munn’s “no symptoms” breast cancer diagnosis inspired a lifesaving awareness campaign

 

Olivia Munn is known for her strong presence on screen, but in recent years she has taken on a more personal role as a cancer survivor, advocate, and mother.

 

Olivia Munn was diagnosed with Stage 1 breast cancer in April 2023 after taking the Lifetime Probability Assessment exam, a free online Q&A that takes minutes to offer a score indicating your probability of having breast cancer in your lifetime.

 

Anything more than 20% is considered high risk. Munn’s risk score was 37.3%.

 

“No symptoms. And I had a clear mammogram and a clear ultrasound,” Munn explained on “CBS Sunday Morning.”

 

When she learned about the diagnosis, she fought back with everything she had. She underwent a double mastectomy, ovariectomy, and partial hysterectomy. Her current score is zero.

 

Instead of healing quietly, she raised the alarm, writing about her disease and informing anybody who would listen about the risk assessment exam. Since Munn began sharing her story, the number of women taking the test has grown by 4,000 percent.

 

There’s no way I could have predicted it,” she explained.

 

The couple married in 2024 and has remained by her side throughout her breast cancer treatment. She says, “There’s no better person in the world to me than my husband.” He is—I mean, you’ve met him. He wanted to attend every single doctor’s visit.

 

He held a small notebook. Do you know? And he has a notepad in which he puts all of his joke ideas and anything else that comes to mind throughout the day,” Munn explained.

 

Munn stated that Mulaney took notes on cancer and hormone therapy, which helped to lighten the mood.

Olivia Munn’s “no symptoms” breast cancer diagnosis inspired a lifesaving awareness campaign

Their son Malcolm is four, and their daughter Mei Mei will turn two in the fall. Being a parent makes her realize how quickly life can change.

 

“I believe it is not the Christmases, birthdays, or New Year’s that we remember. Like, life happens on Tuesdays. Like, it just occurs. And you can’t expect it. “And so every day, you should just be so present and grateful,” Munn said, advising parents to appreciate all the “tiny, little moments” with their children.

 

She went on: “And once you are faced with the possibility of death and not being here, it’s– for me, all I wanted were the little moments.”

 

Munn’s determination to tell her story has allowed countless other women to enjoy a few more small moments.

 

Despite the hurdles, Munn considers herself extremely fortunate. She sees her cancer experience as a reminder of how fortunate she is to still be alive, despite the stress and exhaustion. It’s a tremendous privilege to simply be living in the world,” Munn stated.

 

Munn is now filming her role as a nasty divorcee in the Apple TV+ sitcom “Your Friends and Neighbors,” which will return for a second season on Friday, April 3, 2026.

Categories
World News

Lord’s Day Reflection: Palm Branches and Narrative Twists

Lord’s Day Reflection: Palm Branches and Narrative Twists

Jenny Kraska provides her insights on the day’s liturgical readings, focusing on the theme “Palm branches & plot twists” as the Church commemorates Palm Sunday.

 

Lord’s Day Reflection: Palm Branches and Narrative Twists

Jenny Kraska provides her insights on the day’s liturgical readings, focusing on the theme “Palm branches & plot twists” as the Church commemorates Palm Sunday.

 

Palm Sunday brings us to the verge of mystery. We start with palms raised high, echoing the crowd’s cries: “Hosanna to the Son of David!”

 

However, almost without notice, the liturgy takes us to the solemn reading of the Passion. The same voices that praised Christ now turn against him. The thrill of the procession yields to the weight of the Cross.

 

Matthew’s Gospel account of the Passion depicts not only Christ’s agony but also suffering throughout history. Betrayal, fear, injustice, and violence are not limited to the pages of the Gospel. They take place at all times and in all lives. The cross casts its shadow not only over Calvary but also over our world today.

 

We’re feeling that shadow in a particular way right now. As nations stand on the verge of renewed conflict and war looms in the Middle East, the uncertainty of our times weighs heavily on us.

 

We observe intergroup conflict, innocent suffering, and the dreadful cost of human pride and power. We, like the disciples in Gethsemane, are inclined to be fearful, confused, and even despairing.

 

However, Palm Sunday reminds us that Christ does not turn away from the darkness. He gives it his all. In the garden, he quakes. He stands silently before Pilate.

 

Jesus does not explain away suffering; rather, he welcomes, changes, and redeems it.

Lord’s Day Reflection: Palm Branches and Narrative Twists

symbol of loss but of victory, achieved by love, sacrifice, and mercy rather than force.

 

In today’s uncertain world, this reality is more important than ever. It implies that no pain is worthless. It implies that no darkness is without end. It indicates that even in the midst of battle, hatred, and division, God is at work, bringing life from the dead.

 

Palm Sunday encourages us to walk with Christ not only in times of triumph but also in times of adversity. It calls us to be faithful when the crowds fall silent, to stand near the Cross when others flee, and to believe that God’s purposes are unfolding even when we can’t see them.

 

As we begin Holy Week, may we carry both the palms and the Cross in our hearts. May we not run away from the burden of the suffering around us, but rather meet it with Christ’s compassion. Above all, may we stay true to the promise that distinguishes us as believers:

 

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World News

Kim Novak criticizes Sydney Sweeney’s casting in Scandalous!’: “She Was Totally Wrong to Play Me”

Kim Novak criticizes Sydney Sweeney’s casting in Scandalous!’: “She Was Totally Wrong to Play Me”

The film reunites the actress with her ‘Euphoria’ co-star Colman Domingo, who is making his directorial debut.

Kim Novak is raising concerns about Scandalous!

In a recent interview with The Times of London, Novak attacked Sydney Sweeney’s casting as her in the next film, citing the Vertigo actress’ romance with Sammy Davis Jr. in the 1950s. Colman Domingo is preparing to make his directorial debut. David Jonsson will play Davis.

“I would never have approved,” Novak remarked of Sweeney as her, adding that the Euphoria actress “sticks out so much above the waist.”

According to the tabloid, Novak’s critique arises from her concern that the film will focus on the sexual aspects of their relationship rather than the reality that they shared “so much in common.”

“There’s no way it wouldn’t be a sexual relationship because Sydney Sweeney looks sexy all the time,” she said.

Kim Novak criticizes Sydney Sweeney’s casting in Scandalous!’: “She Was Totally Wrong to Play Me”

Representatives for Sweeney did not respond to The Hollywood Reporter’s request for comment at the time of publishing.

Last year, Sweeney discussed bringing Domingo on board with THR’s executive editor of awards, Scott Feinberg, on his Awards Chatter podcast. Sweeney is a producer on Scandalous!, and the two previously co-starred in Euphoria.

“When I was putting together the package, we were circling many filmmakers.” There was one previously attached, and I just felt like the story needed a different voice,” she explained.

“So I called him up and said, ‘Hey, I don’t know if you even want to direct, but I have a script that I’d really like to present to you. It is yours. “If not, I won’t be offended,” she replied. “He read it within a few hours and called me back, saying, ‘This is exactly what I’ve been telling my team I’m looking for.’ “We’ve been putting it together and raising funds—it’s been a labor of love.

Sweeney declined to answer explicitly when asked if she had met Novak but did say, “Colman and she have a really beautiful relationship.” They have been talking.

 

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