FTC's Lengthy Review of the Sysco-US Foods Merger Is In Final Stage
SEAFOODNEWS.COM [Dow Jones] By Brent Kendall and Annie Gasparro - January 19, 2015 -
The Federal Trade Commission is nearing the finish line in its yearlong consideration of whether to allow the proposed merger of rival food-service companies Sysco Corp. and U.S. Foods Inc., but the decision still could go either way.
People familiar with the discussions said gaps still exist between the two sides' positions on what assets, and how many, should be included in a package of divestitures to preserve a competitive food-distribution marketplace.
If the parties can't bridge those gaps, it remains possible the FTC could bring a civil lawsuit challenging the merger, these people said. Details about the companies' offer and the agency's specific concerns ...
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