FTC injunction to block Sysco–US Foods merger upheld

FTC injunction to block Sysco–US Foods merger upheld

Future of the deal between the two largest restaurant distributors remains uncertain

A U.S. District Court judge upheld Tuesday a preliminary injunction blocking the planned merger of food distribution companies Sysco Corp. and US Foods Inc.

District Court judge Amit Mehta ruled in favor of the Federal Trade Commission’s attempt to halt the deal, which including debt holds an enterprise value of about $8.2 billion. In February, the FTC sued to block the planned merger, saying the combined companies would hurt competition both on a national scale and in local mar

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