State attorneys general probing Sysco, US Foods deal

|About: Sysco Corporation (SYY)|By:, SA News Editor

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.