Sysco Hosts Conference Call to Discuss FTC Action

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Go back to Sysco Hosts Conference Call to Discuss FTC Action

Sysco (SYY) Lawyer: U.S. Foods Merger is 'Procompetitive'; FTC 'Simply Got it Wrong' with Lawsuit

February 20, 2015 1:58 PM EST

Sysco (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 EST

Sysco 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