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Restaurant Business Staff

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Restaurant Business Staff

Page 499

Cash & Carry

It's easy to see why more and more companies are wielding ransom-sized bonuses to reward and retain executives. Granting large bonuses takes a lot of uncertainty out of the compensation equation.

UniPro board gives thumbs-up to Premier merger

AUGUST 14,2001?The board of directors of UniPro Foodservice, Inc., Atlanta has voted in favor of a merger with Premier Foodservice Distributors of America,...

PepsiCo raises estimate of Quaker merger synergies

AUGUST 13, 2001?PepsiCo, Purchase, NY, has raised to $400 million its estimate of annual synergies to be achieved by 2005 from its recently completed merger...

PFG to acquire Fresh Express; Gray assumes ceo post; Spinner named Broadline Division president

AUGUST 13, 2001?Performance Food Group (PFG), Richmond, VA, has signed a definitive agreement to acquire $509-million Fresh Express, Salinas, CA, the...

Hunt-Wesson to phase in brokers

AUGUST 13, 2001?Hunt-Wesson Foodservice, Fullerton, CA, is transiting from a direct sales organization to use of brokers, in order to enhance customer...

Instill secures more financing; acquires Global Food Exchange

AUGUST 6, 2001?Instill Corp., Redwood City, CA, a provider of supply-chain services to the foodservice industry, has completed a $12-million round of...

Premier endorses UniPro merger proposal

AUGUST 6, 2001?The board of directors of Premier Foodservice Distributors of America, Inc., formerly Nugget Distributors, Inc., Stockton, CA, has endorsed...

Sysco at $21.8 billion for fiscal; street and Sysco label volume grows

Sysco Corp., Houston, has announced sales of $21.8 billion for its 2001 fiscal year ended June 30, a gain of 12.8 percent over the prior fiscal's $19.3...

Yields & Deals-In Brief

*SureBeam Corp., San Diego, following its March IPO launch at $10 per share, was trading at $13.05 on July 25. SureBeam manufactures electronic irradiation...

Yields & Deals-USF anticipates double-digit growth; integration of PYA/Monarch on track

Organic sales growth for U.S. Foodservice (USF), Columbia, MD, should continue into the second quarter and remainder of the fiscal year, consonant with...

Yields & Deals-Kraft IPO goes gangbusters but analyst lowers profit estimate

On June 18, net proceeds of the initial public offering (IPO) for Kraft Foods, Inc., Northfield, IL, amounted to approximately $8.4 billion. Demand was so...

MDS quarter profits halved as accounts are integrated

JULY 30, 2001--Marriott Distribution Services (MDS), Washington, DC, has reported a 4 percent increase in its fiscal 2001 second quarter ended June 15...

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