Judge Explains Reasons for Blocking Sysco-US Foods Merger
SEAFOODNEWS.COM [Wall Street Journal] By Brent Kendalll - July 27, 2015 -
During nearly two weeks of court proceedings last month, the legal battle between U.S. antitrust enforcers and would-be merger partners Sysco Corp. and US Foods Inc. appeared to be a close call. Turns out it wasn’t.
On Friday evening, he released a public version of his opinion, revealing he sided decisively with the Federal Trade Commission, which had sued to block the deal.
Judge Mehta’s 128-page ruling said the Sysco-US Foods tie-up, announced in December 2013, was the type of large combination that lawmakers were concerned about long ago when they gave the government the power to halt mergers...
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