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Sysco pulling out of US Foods buyout after FTC move
2015-06-29 15:36:12| Food - Topix.net
This Monday, Aug. 15, 2005, file photo, shows the corporate headquarters of Sysco Corp., the largest food-service distributor in North America, in Houston. Sysco announced Monday, June 29, 2015, it is scrapping its proposed $3.5 billion buyout of US Foods after a Federal Trade Commission legal victory that temporarily blocked the deal to combine the two food-service companies.
SYSCO Receives Consensus Rating of "Hold" from Brokerages
2015-05-26 19:00:15| Food - Topix.net
SYSCO has earned an average rating of "Hold" from the nine brokerages that are presently covering the company, Analyst RN reports . Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company.
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hold
receives
consensus
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.
Sysco Canada Announces Purchase of Ontario-Based Distributor
2015-04-28 02:54:27| Food - Topix.net
Sysco Canada, a wholly owned subsidiary of Sysco Corporation , announced today that it has agreed to acquire Tannis Trading, Inc., a broadline foodservice distributor in Ottawa, Ontario. While financial terms of the proposed transaction were not disclosed, Tannis Trading had revenues of approximately $118 million in its most recent fiscal year.
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purchase
distributor
announces
Maryland joins federal opposition to Sysco merger
2015-03-21 04:22:52| Food - Topix.net
Maryland has joined nine other states, the District of Columbia and the Federal Trade Commission in opposing a merger of the country's two largest food distribution companies on grounds that the union would create a near-monopoly in this region and potentially raise prices for consumers. The state became a party to the FTC's suit in U.S. District Court in Washington to stop the $8.2 billion merger between Sysco Corp. and US Foods Inc., first announced in December 2013.
Tags: federal
maryland
opposition
joins
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