Sysco US Foods Deal Faces Federal, State Antitrust Probe
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Sysco Corp.’s agreement to buy US Foods for $3.5 billion to bolster its preeminence as a food distributor to restaurants across North America is under review by at least two states in addition to federal regulators.
The deal, announced last month, would cement Sysco’s role as the continent’s largest food distributor, expanding its geographic reach and creating supply chain cost savings. The combined company would have about $65 billion in annual sales.