A PYMNTS Company

US: Sysco, US Foods extend merger deal to May

 |  March 9, 2015

Sysco will extend its merger agreement deadline with US Foods by 60 days, from March 8 to May 7, the Houston company said in a filing with federal regulators.

Federal regulators filed suit to block the merger several weeks ago, claiming that the combined company would hold 75 percent of the national food distribution market. Sysco has argued that regulators misunderstand the market, which it says its competitive in local markets.

Houston-based food distributor Sysco announced the merger with US Foods in December 2013, and federal regulators had been reviewing it since for anti-trust.


Full Content: The Wall Street Journal


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