Attorney General Mark R. Herring has joined ten other states and the Federal Trade Commission in opposing the proposed merger of Sysco and US Foods because of the potential harm to Virginia consumers.
Last week the US government filed a lawsuit seeking to block a merger of the nation’s two largest food distributors.
A preliminary injunction complaint filed by the states, D.C., and FTC charges that the proposed merger would violate the antitrust laws by significantly reducing competition nationwide and in local markets, leading to higher prices and diminished services.
“This merger would be a bad deal for Virginia consumers who would likely face higher prices and fewer choices as a result of severely limited competition,” said Attorney General Herring said.
Full Content: Augusta Free Press
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI