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US: Multi-billion dollar food deal stirs concern

 |  December 11, 2013

The proposed buyout of US Foods, along with its debt, by Sysco in a deal estimated to be worth nearly $8 billion is sparking concern in the antitrust and food community the same week the deal was announced.

Reports say the buyout would combine the top US food producers and, despite Sysco’s confidence in the deal, is likely to face intense antitrust scrutiny by the Federal Trade Commission.

The deal, announced earlier this week, involves the acquisition of $3 billion in common US Foods stock, $500 million in cash and $4.7 billion in estimated US Foods debts.

Full Content: KUHF

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