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US: Sen. Klobuchar tackles $3.4B food merger

By  |  October 20, 2014

Two Senators and members of the Senate’s antitrust subcommittee are calling for a higher level of scrutiny of Sysco Corp’s acquisition of US Foods for $3.5 billion.

According to reports, Senators Amy Klobuchar, the chairwoman of the subcommittee, and Senator Mike Lee, a ranking member, have written a letter to the Federal Trade Commission because the merger “raises important competition issues and the commission should carefully review and closely scrutinize” the deal.

Reuters, which exclusively saw the letter sent to the FTC, says that the Senators did not urge the regulator to rule for or against the takeover.

Sysco and US Foods first announced plans to merge late last year. According to reports, the firms are the only competitors whose markets reach across the nation in the food delivery sector.

Full content: Reuters

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