Minnesota Attorney General questions if divestiture can save competition in Sysco-US Foods merger
SEAFOODNEWS.COM [Reuters News] by Diane Bartz December 16, 2014
WASHINGTON (Reuters) - Minnesota's attorney general expressed concern about the merger of food distribution giants Sysco Corp and US Foods [USFOO.UL], saying it was questionable whether any divestiture could restore competition lost in the transaction.
Minnesota Attorney General Lori Swanson said in a Dec. 10 letter that her office had heard complaints from Minnesota-based restaurants that the $3.5 billion acquisition would leave them "fewer choices among distributors and potentially resulting in higher prices for consumers."
The letter was addressed to Federal Trade Commission Chairwomen Edith Ramirez. The FTC is looking into the deal to ensure it complies with antitrust law...
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