Sysco Corp. (SYY) Reports In-Line Q2 EPS; Plans Asset Divestiture in U.S. Foods Merger
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Sysco Reaches Agreement to Sell 11 US Foods Distribution Centers to Performance Food Group Contingent on Consummation of Sysco-US Foods Merger
February 2, 2015 7:05 AM ESTHOUSTON, Feb. 2, 2015 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY) today announced that it has reached a definitive agreement to sell Performance Food Group 11 US Foods facilities related to its pending merger with US Foods. The divestiture package is contingent on consummation of the proposed merger of Sysco and US Foods announced in December 2013.
"Over the past 12 months, we have worked in good faith with the FTC to help them better understand the highly competitive U.S. foodservice distribution industry and the significant customer benefits that will result from the merger of... More
