Regulators May Delay Approval for Sysco-U.S. Foods Deal
SEAFOODNEWS.COM [NY Post] By Josh Kosman - January 29, 2015
Sysco looks as though it will have to wait longer for its $8.2 billion US Foods merger to be approved by regulators, if it is at all.
The Federal Trade Commission this week sent a subpoena to a third-party food distributor asking for more information, a source with direct knowledge of the situation said.
Blackstone Group-owned Performance Food Group agreed in early December to buy assets from Sysco with roughly $5 billion in revenue, a source said, noting PFG did not ...
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