Judge blocks Sysco/US Foods merger

Judge blocks Sysco/US Foods merger

Fate of deal now moves to FTC's in-house administrative court..

U.S. District Judge Ahmit Mehta has blocked Sysco Corp.’s $3.5 billion takeover of US Foods Inc. The action was taken at the request of the Federal Trade Commission, which is seeking to permanently deny a merger it contends would significantly restrict competition in the foodservice distribution industry, of which Sysco and US Foods are the two largest companies.

The fate of the merger deal, first announce

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