Sysco’s $3.5 Billion Bid for US Foods Blocked by Federal Judge

David McLaughlin
Bloomberg News
June 24, 2015

Sysco Corp.’s planned $3.5 billion takeover of US Foods Inc. was blocked by a federal judge, who said a merger of the food distribution giants would probably reduce competition and raise prices for hotels and restaurants. The Federal Trade Commission’s request to delay the proposed merger was granted by a federal judge in Washington on June 23. The case now shifts to the FTC’s in-house administrative court, where the agency will seek to permanently block the deal.

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