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Sysco says would sell 11 U.S. Foods centers to win deal approval
Food distributor Sysco Corp (SYY.N) said it would sell 11 distribution centers run by takeover target US Foods Inc [USFOO.UL] to Performance Food Group to satisfy antitrust concerns.Sysco’s $3.5 billion offer for US Foods is awaiting approval from the Federal Trade Commission as the deal would combine the two largest U.S. food distributors.
Read more here: http://www.reuters.com/article/2015/02/02/us-usfoods-sysco-idUSKBN0L615H20150202?feedType=RSS&feedName=businessNews