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Sysco has terminated its merger with US Foods after the Federal Trade Commission’s request for preliminary injunction to block the deal was granted.
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The Federal Trade Commission has filed an administrative complaint charging that the proposed merger of Sysco and US Foods would violate the antitrust laws by significantly reducing competition nationwide and in 32 local markets for foodservice distribution services.
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The Teamsters Union is saying Sysco's acquisition of US Foods announced last week raises serious concerns for workers, stakeholders and customers as the combined company becomes the country's largest institutional/restaurant food service provider and one of the nation’s largest private truck fleets.
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