A PYMNTS Company

US: FTC considers suing Sysco, US Foods

By  |  September 23, 2014

The US Federal Trade Commission is reportedly considering filing a lawsuit to block the proposed merger between Sysco Corp and US Foods, unnamed sources said Monday.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The FTC has been probing Sysco’s plans to acquire US Foods in a $3.5 billion deal after the companies announced their plans in December. The merger would combine the only two food suppliers that reach nationwide, according to reports.

    While the FTC is considering a lawsuit, reports say the watchdog is also mulling whether to demand concessions from the companies. Sources said the regulator will decide on its plan of action within the next few weeks.

    The merger has raised concerns among consumer advocates and competition authorities that it would lead to higher costs to supply foods to restaurants, hotels and restaurants.

    Full content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.