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SYSCO BOARD OF DIRECTORS AUTHORIZES 10 MILLION SHARE REPURCHASE PROGRAM

 HOUSTON, Sept. 10 /PRNewswire/ -- SYSCO Corporation's (NYSE: SYY) board of directors has authorized the purchase of up to 10 million shares of common stock.
 Commenting on the board's action E. James Lowrey, executive vice president - finance & administration, stated, "The repurchase program was authorized primarily to offset the impact of anticipated share issuances in conjunction with various employee compensation and benefit plans and future conversions of Liquid Yield Option Notes. As was the case with the company's previous eight million share repurchase program completed last June, the timing and extent of any purchases will be determined by general business considerations, the conditions prevailing in the financial markets and the price of SYSCO stock."
 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 245,000 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.
 -0- 9/10/93
 /CONTACT: E. James Lowrey, executive vice president - finance & administration, 713-584-1390/
 (SYY)


CO: SYSCO Corporation ST: Texas IN: FOD SU:

MP-LG -- NY009 -- 0637 09/10/93 09:26 EDT
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Publication:PR Newswire
Date:Sep 10, 1993
Words:200
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