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July Antitrust Bulletin
2015-07-04 01:32:01| Electronics - Topix.net
On June 29, 2015, Sysco Corp. announced that it was pulling the plug on its $3.5 billion proposed merger with US Foods Inc. The news comes less than a week after a Washington, D.C., federal judge concluded that the Federal Trade Commission likely could prove that the merger would thwart competition. In February, the FTC sued to block the transaction, citing as the key issue the fact that the two companies were the top broadline food distributors in the country and the only two players capable of servicing customers that operate nationwide.
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Category:Electronics and Electrical