Federal Judge Halts Sysco-US Foods Merger
SEAFOODNEWS.COM [Wall Street Journal] By Brent Kendall and Annie Gasparo - June 24, 2015
A federal judge on Tuesday issued a preliminary injunction blocking Sysco Corp.’s planned acquisition of US Foods Inc., a ruling that could kill a deal to combine the nation’s two largest food distributors.
The decision handed a high-profile victory to the Federal Trade Commission, which filed a lawsuit in February challenging the transaction on antitrust grounds. The win is the latest in a string of merger-enforcement matters in which antitrust officials appointed to the FTC and the Justice Department by President Barack Obama have flexed their muscles to block or pare back mergers they believed would harm competition.
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