Sysco considering divesting assets to satisfy FTC concerns
SEAFOODNEWS.COM [Sun-Times] - October 17, 2014 -
Sysco Corp. is reported to be trying to craft a package of asset sales sufficient to satisfy FTC concerns of concentration in the pending merger with U.S. U.S. Foods.
Three big regional players, Reinhart Foodservice, Performance Food Group and Gordon Food Service, have been negotiating with Sysco to buy certain divested assets.
The proposed tie-up is seen as problematic because Sysco and US Foods are the only companies with the geographic reach to offer nationwide contracts to deliver a wide range of goods to customers ranging from hotel chains to fast food restaurants...
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