Sysco Buys Us Foods Now

US Foods later pursued a successful Initial Public Offering (IPO) in May 2016, returning as an independent public company. 5. Summary Table Transaction Value ~$8.2 Billion Combined Sales Estimated $65 Billion Annually Market Share Impact 75% of National Broadline Distribution FTC Action Sued to Block, Feb 19, 2015 Final Outcome Terminated, June 29, 2015 Termination Fees $312.5 Million+ If you're interested, I can provide more details on: The FTC's legal arguments against the merger.

Sysco anticipated annual cost savings of at least $600 million within three to four years through improved supply chain efficiencies, merged merchandising, and reduced administrative overhead. sysco buys us foods

Sysco officially abandoned the merger on June 29, 2015. US Foods later pursued a successful Initial Public

On February 19, 2015, the FTC sued to block the merger, arguing it violated antitrust laws. Sysco anticipated annual cost savings of at least

Including litigation and planning, the failed merger cost Sysco approximately $693 million.