FTC Requests More Info Tied to Sysco-US Foods Merger
February 18 2014 - 4:40PM
Dow Jones News
Sysco Corp. (SYY) said the Federal Trade Commission has
requested more information and documents tied to the food
distribution company's pending acquisition of peer US Foods.
The Sysco-US Foods merger, announced late last year, would bring
together the nation's two biggest food-distribution companies and
is expected to receive close government scrutiny. Sysco has already
said it expects the regulatory review to take up to a year.
Sysco said the FTC's request is a standard part of the review
process and was anticipated by the company. The company said it
will "continue to work closely and cooperatively with the FTC as it
conducts its review of the proposed merger."
Though both the FTC and the Justice Department could have
ultimately taken the reins to review the Sysco-US Foods deal, the
U.S. government last month said the FTC would handle the
review.
Write to John Kell at john.kell@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
Sysco (NYSE:SYY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Sysco (NYSE:SYY)
Historical Stock Chart
From Apr 2023 to Apr 2024