In 60 seconds: 7/20/15

Sysco calls off U.S. Foods merger: Sysco Corp. announced that it has terminated its merger agreement with U.S. Foods, days after the U.S. District Court in Washington, D.C., granted the Federal Trade Commission's request for a preliminary injunction to block the proposed merger. This action also terminates an agreement with Performance Food Group (PFG) to purchase U.S. Foods' facilities in 11 markets. Under terms of the merger agreement, the termination of the transaction requires Sysco t

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