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US Foods, Sysco in court to argue against feds blocking their merger

2015-05-06 04:15:53| Food - Topix.net

Sysco and US Foods have long sought to complete a $3.5 billion merger, but the Federal Trade Commission wants to block it, arguing the new entity would stifle competition in the food distribution industry. Among the contentions in this hearing, Sysco argued that the FTC is overestimating the new company's market share by a large amount, Bloomberg said.

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