A PYMNTS Company

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

By  |  January 29, 2015
US: Regulators may delay approval for Sysco-U.S. Foods deal

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.

    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.

    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

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