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SYSCO AUTHORIZES INCREASE IN SHARE REPURCHASE PROGRAM

 SYSCO AUTHORIZES INCREASE IN SHARE REPURCHASE PROGRAM
 HOUSTON, Nov. 11 /PRNewswire/ -- Sysco Corporation's (NYSE: SYY)


board of directors has authorized an increase in the company's previously announced common stock repurchase program to 5 million shares from the 3 million initially approved.
 E. James Lowrey, executive vice president-finance and administration, stated, "The share repurchase program was originally established to offset shares issued by Sysco throughout each year in connection with various employee benefit plans. This increase to the program was precipitated by the recent conversion of Liquid Yield Option(TM) Notes (LYONS)(TM) into approximately 2 million shares. Sysco has repurchased 1.9 million shares since inception of the plan in May."
 Sysco, listed on the New York Stock Exchange, is the nation's largest foodservice marketing and distribution organization. The company provides its products and services to approximately 230,000 customers located across the United States and western Canada. The Sysco distribution network currently covers virtually the entire continental United States, including all of its 150 largest cities.
 Note: LYONs is a trademark of Merrill Lynch & Co., Inc.
 -0- 11/11/92
 /CONTACT: E. James Lowrey, executive vice president-finance and administration of Sysco, 713-584-1390/
 (SYY) CO: SYSCO Corporation ST: Texas IN: SU:


CK-PS -- NY046 -- 9750 11/11/92 12:59 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 11, 1992
Words:210
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