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Showing posts from October 22, 2014

U.S. Senators seek antitrust scrutiny of Sysco deal to buy U.S. Foods



Mon Oct 20, 2014 11:28am EDT


UPDATE 1-Sysco looks to divestitures to nail down US Foods deal

Democratic U.S. senator raises concerns over potential CP, CSX deal

Sysco in talks with FTC to save US Foods deal: NY Post

UPDATE 1-Sysco in talks with FTC to save US Foods deal -NY Post

Oct 20 (Reuters) - The top two lawmakers on the Senate's antitrust panel have urged regulators to scrutinize food distributor Sysco Corp's planned purchase of rival U.S. Foods for $3.5 billion.

In a letter obtained exclusively by Reuters, Senators Amy Klobuchar and Mike Lee, the chairwoman and ranking member of the Senate's antitrust subcommittee, said the deal being investigated by the Federal Trade Commission "raises important competition issues the commission should carefully review and closely scrutinize."

In the letter, sent on Friday to FTC Chairwoman Edith Ramirez, the lawmakers said they took no position on whether the FTC should try to block the deal…