Sysco Corp. has extended its merger agreement with US Foods by 60 days, to May 7, two days after hearings on the merger are scheduled to begin, the company said Monday.
The Federal Trade Commission has sued to block the merger and has requested a preliminary injunction to stay the merger until the lawsuit is heard. Hearings on the injunction are scheduled to begin on May 5.
The hearing on the injunction is considered a key element in the case. Richard Parker, an attorn