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Showing posts from March 18, 2015

Sysco lawyers prepare to take FTC to court

Mar 12, 2015, 8:48am CDT






Chris Shinn







Sysco would dramatically increase its distribution network if it is allowed to acquire US Foods.






Nora Olabi
Digital associate editor -Houston Business 













After the Federal Trade Commission blocked Houston-based Sysco Corp.'s(NYSE: SYY) $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. Sysco lawyers are going through the FTC's report and plan to fight its allegations in court. A firm representing Sysco is Washington, D.C.-based law firm O'Melveny & Myers, according to the Houston Chronicle.








See Also

Sysco to sell 11 distribution centers contingent on US Foods merger


Sysco names new president of subsidiary






Last month, the FTC filed an administrative complaint charging the proposed deal would violate antitrust laws. The FTC blocked the Sysco-US Foods merger 3-2, saying it would be anti…

The One Comic That Explains Just How Screwed America Is

TUE JUN 26, 2012 AT 01:44 PM PDT
byOccupy PostersFollow
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