FTC Blinks, Delays Vote on Merger with US Foods After Meetings with Sysco
SEAFOODNEWS.COM [NY Post] By Josh Kosman - February 13, 2015
The Federal Trade Commission has blinked.
The regulator was close Wednesday night to voting to block a $3.5 billion food industry merger — but postponed the decision after an intense day of meetings with Sysco, The Post has learned.
Sysco is desperately trying to convince the FTC’s five commissioners that cost savings from the merger will allow it to lower prices.
Sysco has told commissioners it is willing to consider “additional flexibility” on providing a remedy, another source said.
That effort seems to have pushed the FTC at least into further thought on the offer as the vote was put off...
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