U.S. District Court judge ruled in favor of the FTC in it’s attempt to stop the proposed merger between Sysco and US Foods. The merger is done.
The FTC has announced that they were making a revision to their own Rules of Practice regarding how the agency challenges mergers.
Sysco Legal Chief Not Allowed Access to Confidential Business Info, FTC Ordered to Disclose Identities of Witnesses, and Sysco Responds to FTC’s Allegations
The FTC has decided to block the proposed $3.5 billion merger between Sysco and US Foods, because it violates antitrust laws.
The FTC was all set to vote to block a $3.5 billion merger between food industry giants, Sysco and US Foods. However, the FTC decided to postpone.