The proposed $3.5 billion merger between food companies Sysco Corp. and US Foods Inc. is facing regulatory scrutiny by the Federal Trade Commission. On Feb. 19, the FTC sued to block the deal, alleging that Sysco would end up with too tight a grasp over both national and local markets for food distribution services.
Jeffery Cross, a Partner in Freeborn's Complex Litigation & Antitrust Team, was interviewed by Law360 about the FTC's move to block the deal. In his analysis, he cited that regulators are likely uncomfortable with the large market shares Sysco would gain in such cities as San Diego and Las Vegas. The insights were published on Feb. 20, 2015 in the article, "Customers May Prove Key in FTC's Sysco-US Foods Challenge."
Read the full article, Customers May Prove Key in FTC's Sysco-US Foods Challenge. (subscription required)