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Exclusive: Sysco, US Foods offer to divest 11 facilities to win FTC deal approval

2015-01-31 01:25:02| Food - Topix.net

Food distributor Sysco Corp and its biggest rival, US Foods Inc , have offered to sell a smaller competitor 11 facilities in order to convince skeptical antitrust regulators to approve their $3.5 billion merger, a source briefed on the matter told Reuters. The deal, proposed in December 2013, is seen as problematic because Sysco and US Foods are the only companies with the geographic reach to offer nationwide contracts to deliver a wide range of goods to customers ranging from hotel chains to hospitals to fast food chains and fine restaurants.

Tags: offer win deal facilities

 

CommScope's $3 billion deal

2015-01-30 15:55:32| Electronics - Topix.net

CommScope Holding Co. Inc. of Hickory is spending $3 billion to buy three big businesses of TE Connectivity .

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BT names G.fast rollout towns, still working on EE deal

2015-01-30 01:00:00| Total Telecom industry news

U.K. incumbent pledges to bring 500 Mbps speeds to most of the country within a decade.

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Shareholders OK Mylan's inversion deal with Abbott

2015-01-29 20:51:09| Biotech - Topix.net

Mylan Inc. shareholders voted Thursday to approve the company's pending acquisition of Abbott's non-U.S. developed markets specialty and branded generic business and reorganization in the Netherlands. Announced in July, the $5.3 billion all-stock transaction gives Abbott a 22 percent stake in Mylan and will move its generic business to a new company that will be headquartered in the tax-friendly Netherlands and called New Mylan.

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US NAVAIR awards aircraft maintenance and logistics support deal to DynCorp

2015-01-29 01:00:00| Naval Technology

The US Naval Air Systems Command (NAVAIR) has awarded a task order to DynCorp International (DI) for the provision of aircraft maintenance and logistics support for aircraft allocated to the NAVAIR Warfare Center in Fallon, Nevada, US.

Tags: support deal maintenance awards

 

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