Sysco reported to be closing in on deal with US Foods by selling assets to Performance
SEAFOODNEWS.COM [NY Post] By Josh Kosman - November 24, 2014 -
Sysco, the country’s biggest food distributor, is closing in on a deal to win regulatory approval for its $3.5 billion acquisition/merger with closest rival US Foods, The Post has learned.
The company is in advanced talks to sell some assets to Blackstone Group-owned Performance Food Group.
The Federal Trade Commission, which has been reviewing the merger, is expected to give the greenlight once Sysco strikes a deal to divest some assets, sources said.
Earlier this month ...
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