Form SC 13D SYSCO CORP Filed by: TRIAN FUND MANAGEMENT, L.P.

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Sysco Corp. (SYY) had very 'brief' discussions with Trian - Bloomberg, citing spokesperson

August 14, 2015 12:50 PM EDT

Sysco Corp. (NYSE: SYY) said it had very "brief" discussions with Trian, according to Bloomberg. Spokesperson Charley Wilson said the company is not going to speculate on the firm's intentions or future actions.

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Trian Fund Shows New 7.08% Stake in Sysco Corp. (SYY); Seeks Board Representation

August 14, 2015 12:42 PM EDT

In a 13D filing on Sysco Corp. (NYSE: SYY), hedge fund Trian Fund disclosed a 7.08%, or 42,061,438 share, stake in the company. The firm did not hold shares at the end of the latest quarter ending June 30, 2015.

In part, the filing read:

The Trian Group acquired the Shares because it believed that the Shares, when purchased, were undervalued in the marketplace and represented an attractive investment opportunity. The Trian Group has met and engaged in discussions with William J. Delaney, President and Chief Executive Officer of the Issuer, and Jackie M. Ward,... More