A PYMNTS Company

US: Termination of US Foods merger cost $693 million

By  |  August 10, 2015

Sysco termination of its merger with US Foods Inc. cost the company $693 million in its 2014 fiscal year, the Houston-based distributor said during an earnings call Monday.

    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 called off its merger with US Foods in June, shortly after federal regulators won court approval to delay the controversial, $8.2 billion deal.

    As a result, the company had to pay termination fees totaling $313 million.

    Full content: Houston Chronicle

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