|
|
Article: U.S. Bancorp Piper Jaffray Represents Guest Supply, Inc., in Its Sale to SYSCO Corporation.
- Article from:
- PR Newswire
- Article date:
- March 19, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CHICAGO, March 19 /PRNewswire/ --
U.S. Bancorp Piper Jaffray today announced that it served as the exclusive financial advisor to Guest Supply, Inc. (NYSE: GSY), a distributor and manufacturer of hotel guest amenities and operating supplies, in its sale to SYSCO Corporation (NYSE: SYY), the largest food service marketing and distribution organization in North America. At an acquisition price of $26 per share, payable in SYSCO shares, the total enterprise value was approximately $237.6 million. Guest Supply traded on the New York Stock Exchange at $16.25 per share one month prior to the announcement of the transaction, representing an approximate 60% premium. ...