Court Delays $3.5B Sysco-US Foods Deal After Legal Challenge

June 23, 2015 9:58 PM

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A court on Tuesday temporarily blocked Sysco from buying US Foods, a deal opposed by regulators who say it would reduce competition between food supply companies.

The U.S. District Court for the District of Columbia granted an injunction blocking the companies from combining until legal proceedings are resolved. The Federal Trade Commission showed that a delay is in the public interest because the $3.5 billion acquisition could reduce competition, Judge Amit ...

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