Sysco Likely to face $1 Billion in Costs if FTC Kills Merger with US Foods
SEAFOODNEWS.COM [Reuters] - By Diana Bartz and Greg Roumeliotis - May 18, 2015 -
WASHINGTON/NEW YORK, Sysco Corp will be left with a bill of around $1 billion if the U.S. government kills its $3.5 billion merger with US Foods, regulatory filings show, underscoring the perils of doing deals that have a good chance of being blocked by antitrust regulators.
Arguments between the FTC and Sysco on whether the deal is legal will conclude with closing arguments on May 28. It is not known when the judge will rule.
If the Federal Trade Commission ...
To Read Full Story Login Below.