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Sysco: Company May Succeed Against FTC Objection To US Foods Acquisition

2015-03-15 13:05:21| Food - Topix.net

The company counters the FTC's position stating that regulators do not understand the market, which it claims is competitive on a local level. The company's acquisition is likely not anti competitive as there are tens of thousands of domestic food-service distributors in addition to club and wholesale stores to fulfill customer needs.

Tags: us company acquisition foods

Amid fight over US Foods merger, Sysco lawyers prepare to take FTC to court

2015-03-12 19:36:02| Food - Topix.net

After the Federal Trade Commission blocked Houston-based Sysco Corp.'s $8.2 billion merger with Rosemont, Illinois-based US Foods for allegedly violating antitrust laws, Sysco is preparing for its next move. Sysco denies that the merger breaks antitrust or anticompetitive regulations.

Tags: to court fight prepare

Tuesday's ETF with Unusual Volume: FTC

2015-03-03 19:26:15| Logistics - Topix.net

The First Trust Large Cap Growth AlphaDEX Fund ETF is seeing unusually high volume in afternoon trading Tuesday, with over 754,000 shares traded versus three month average volume of about 83,000. Shares of FTC were down about 1.3% on the day.

Tags: volume unusual tuesdays etf