US Foods later pursued a successful Initial Public Offering (IPO) in May 2016, returning as an independent public company. 5. Summary Table Transaction Value ~$8.2 Billion Combined Sales Estimated $65 Billion Annually Market Share Impact 75% of National Broadline Distribution FTC Action Sued to Block, Feb 19, 2015 Final Outcome Terminated, June 29, 2015 Termination Fees $312.5 Million+ If you're interested, I can provide more details on: The FTC's legal arguments against the merger.
The court found that the merger would eliminate head-to-head competition between the two biggest industry players. Furthermore, the judge argued that smaller competitors could not match the scale and service capabilities of the combined Sysco/US Foods. sysco buys us foods
Sysco proposed selling 11 US Foods distribution centers to Performance Food Group (PFG) to appease regulators. The FTC rejected this, stating it would not allow PFG to effectively replace US Foods as a competitor. 3. Legal Proceedings and Ruling US Foods later pursued a successful Initial Public
Informative Paper: The Terminated Sysco-US Foods Merger (2013-2015) Executive Summary The court found that the merger would eliminate
The complaint alleged that restaurants, hotels, and schools would face higher prices and lower quality service due to the lack of competition.