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US: Regulators may delay approval for Sysco-U.S. Foods deal

 |  January 29, 2015

The approval for an $8.2B Sysco, the biggest U.S. food distributor, uniting with U.S. Foods deal is being delayed again after the FTC sent a subpoena to a third-party food distributor this week asking for more information. Last year attorneys general from nearly a dozen states argue the deal will harm competition and lead to a company with one-quarter of the US food distribution market.

Sysco said in December 2013 that it would buy US Foods for about $3.5 billion from its private equity owners and assume $4.7 billion of debt.

The company has since been trying to win antitrust approval.

Full Content: Reuters

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