Sysco Hosts Conference Call to Discuss FTC Action
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Sysco (SYY) Lawyer: U.S. Foods Merger is 'Procompetitive'; FTC 'Simply Got it Wrong' with Lawsuit
February 20, 2015 1:58 PM UTCSysco (NYSE: SYY) shares are edging up in afternoon trading Friday following a... More
Sysco Corp. (SYY) Plans Conf. Call on FTC Action Regarding U.S. Foods Merger
February 20, 2015 6:04 AM UTCSysco Corp. (NYSE: SYY) will host a conference call to brief analysts and news media on the merits of the legal case surrounding its proposed merger with US Foods, as well as the expected steps in the legal process.
On Thursday, Feb. 19, the Federal Trade Commission (FTC), by a slim margin of 3-2, announced it will seek a preliminary injunction in the U.S. District Court for the District of Columbia to prevent the parties from closing the transaction. The narrow vote demonstrates a lack of consensus within the Commission that... More
