Sysco: Termination of US Foods merger cost $693M

Sysco: Termination of US Foods merger cost $693M

Fees and litigation costs hurt the distributor’s fourth-quarter, fiscal 2014 earnings

Sysco Corp.’s termination of its merger with US Foods Inc. cost the company $693 million in its 2014 fiscal year, the Houston-based distributor said during an earnings call Monday.

Sysco called off its merger with US Foods in June, shortly after federal regulators won court approval to delay the controversial, $8.2 billion deal.

As a result, the company had to pay termination fees totaling $313 million — $300 million to US Foods and $12.5 million to Performance Food Gr

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