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

LATEST NEWS
  • 9.22.15 - A Brief History Of Gluten, The Protein In Baked Goods: How ‘Wheat Intolerance’ Has Risen Over The Years Read More...
  • 5.6.15 - Kroger to acquire Hiller's Market stores, additional employees to be hired Read More...
  • 2.12.15 - Meijer Announces Wisconsin Store Openings Read More...
  • 2.2.15 - Sysco says would sell 11 U.S. Foods centers to win deal approval Read More...
  • 1.27.15 - LIPARI FOODS ACQUIRES CLOVER MOUNTAIN FOODS Read More...
< >