Sysco terminates merger with US Foods

Sysco terminates merger with US Foods

Distributor opts not to appeal injunction delaying deal

Sysco Corp. has terminated its merger with US Foods Inc., the company said Monday, 18 months after the $8.2 billion proposal to combine the nation’s two largest distributors rocked the foodservice industry.

Houston-based Sysco also terminated a deal to sell 11 US Foods facilities to Performance Food Group, or PFG, a sale rendered moot by the demise of the merger.

By terminating the merger, Sysco must pay a $300 million break-up fee to US Foods, as well as a $12.5 milli

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