Sysco Defends Merger with US Foods, Exploits Split Among FTC Commissioners
SEAFOODNEWS.COM [Nation's Restaurant News] By Jonathan Maze - February 23, 2015 -
A high-powered team of some of the top antitrust litigators in the country has launched a vigorous defense on behalf of Sysco Corp. of the proposed $8.2 billion merger between the foodservice distribution giant and US Foods.
The defense will hinge in part on the apparent disagreement within the Federal Trade Commission’s five commissioners, which issued a rare, split vote in favor of blocking the merger.
The commission sued to block the merger in an administrative court, but it is also seeking a preliminary injunction to keep the deal on hold, pending that action, in a U.S. District court in the District of Columbia. The FTC will likely drop its case if Sysco wins the trial, making the injunction the primary fight in the case...
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