Sysco, US Foods merger hits troubled waters

Sysco, US Foods merger hits troubled waters

SYSCO Corp. reported that it has extended the merger agreement with US Foods by 60 days, moving the closing of the deal to May 7, a full 17 months after it was originally announced.

The Federal Trade Commission (FTC) sued to block the proposed $8.2 million merger of the two companies and requested a preliminary injunction to stay the merger, stating that it would be harmful for consumers.

Combining the two companies would re

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