State attorneys general probing Sysco, US Foods deal


Florida's attorney general's office says it is part of a multi-state probe reviewing the proposed merger of Sysco (SYY) and US Foods.

SYY plans to buy its rival for ~$3.5B in a deal that would create a company commanding at least a quarter of the $235B North American food distribution market.

The state AGs will work with the Justice Department and/or the Federal Trade Commission, both of which review proposed mergers, to ensure the deal complies with antitrust law.

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Comments (1)
  • bri1816
    , contributor
    Comments (5) | Send Message
     
    Soon we will have just one or two company's for every sector, competiton will be a thing of the past for airlines,utilities, banks,retail ETC..
    21 Jan 2014, 02:32 PM Reply Like
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