A PYMNTS Company

US: Sysco would consider other acquisitions, CFO says

By  |  March 9, 2015

Sysco would consider other acquisitions if a Federal Trade Commission lawsuit derails its deal with US Foods, Sysco CFO Chris Kreidler said Friday.

    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.

    He is however confident the FTC will allow the merger. “We wouldn’t have started down this track without very good, solid advice that we had a case that would be approved ultimately by the government,” he said.

    If the court ends up siding with the FTC and blocks the merger, Sysco would reconsider “a number of strategic alternatives” it was looking at prior to the attempted US Foods deal, he said.

     

    Full Content: Undercurrent News

     

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