Merger of Sysco and US Food Service Halted

News today that the FTC has blocked the proposed merger of Sysco and US Food Service..Had the merger been approved the two firms would have controlled 75 percent of what is known in the food service industry as the broad-line food distribution business. According to the Wall Street Journal the FTC alleged that the merged firm could raise prices and reduce services. The report also stated that the merger would be problematic in 32 markets…(Wall Street Journal.