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Sysco’s $3.5 Billion US Foods Bid Blocked by Federal Judge

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Sysco Corp.’s planned $3.5 billion takeover of US Foods Inc. was blocked by a federal judge who said a merger of the food distribution giants would probably reduce competition and raise prices for hotels and restaurants.

The Federal Trade Commission’s request to delay the tie-up was granted by a federal judge in Washington. The case now shifts to the FTC’s in-house administrative court, where the agency will seek to permanently block the deal.