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Sysco Corp. (SYY) Files MoU to Oppose FTC Attempt at Blocking US Foods Merger

April 22, 2015 8:01 AM UTC

Sysco Corp. (NYSE: SYY) filed a memorandum opposing the U.S. Federal Trade Commission's (FTC) effort to block its proposed merger with US Foods, a transaction that would make the U.S. foodservice distribution industry more competitive.

Sysco filed the memorandum yesterday in the U.S. Federal District Court for the District of Columbia in opposition to the FTC's motion for preliminary injunction. A hearing on the FTC's motion is scheduled to begin May 5,... More