US Foods announced that it received a request from the Federal Trade Commission (FTC) for additional information and documentary materials in connection with its pending merger with Sysco Corp. The request was issued under notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act).
Frequently referred to as a “second request,” this is a part of the FTC review process and was anticipated by both companies. US Foods will work to respond to the FTC requests as quickly as possible to support the review of the proposed merger.
Completion of the transaction remains subject to regulatory review, including the expiration or termination of the waiting period under the HSR Act, and other customary closing conditions. US Foods’ outlook on the merger remains unchanged and expects the transaction to close in the third quarter of calendar 2014.
