Brew Markets

Alcohol Industry Mega Merger & Food Giant Sysco’s $29B Acquisition


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Episode 154: Today, Ann breaks down the potential mega-merger between beverage companies Pernod Ricard and Brown-Forman – and how it could mix Absolut and Jack Daniel’s brands while reshaping the global alcohol industry. Then, we dive into food giant Sysco’s $29 billion purchase of Restaurant Depot and investor skepticism that sent shares down 15% today. Finally, Palo Alto Networks gets a CEO-backed boost, while in the airline industry: Air Canada’s CEO announces his retirement amid controversy and JetBlue raises baggage fees.

 

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Stocks mentioned:

$PRNDY $BF.B

$SYY 

$PANW $ACDVF $JBLU

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Brew MarketsBy Morning Brew