The FTC has announced that they were making a revision to their own Rules of Practice regarding how the agency challenges mergers.
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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.