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SYSCO SHARE REPURCHASE PROGRAM INCREASED TO 8 MILLION SHARES

 HOUSTON, March 9 /PRNewswire/ -- SYSCO Corporation's (NYSE: SYY) board of directors has authorized an increase in the company's common stock repurchase program to 8 million shares from the 5 million approved last November.
 E. James Lowrey, executive vice president-finance and administration, stated, "In May 1992 the board of directors established a 3-million-share stock repurchase program primarily to offset stock issued through SYSCO's various employee benefit plans. Subsequent conversions of Liquid Yield Option(TM) Notes (LYONs)(TM) into common shares has resulted in SYSCO's decision to purchase additional shares. To date, 4.7 million shares have been issued pursuant to such conversions and a like amount of 4.7 million shares have been repurchased since the inception of the program."
 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.
 (TM) -- Trademark of Merrill Lynch & Co., Inc.
 -0- 3/9/93
 /CONTACT: E. James Lowrey, executive vice president-finance and administration of SYSCO Corporation, 713-584-1390/
 (SYY)


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

CK-OS -- NY033 -- 4459 03/09/93 10:35 EST
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Publication:PR Newswire
Date:Mar 9, 1993
Words:217
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