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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