Edit

Sysco-US Foods judge wants more time

Federal court proceedings in the government’s antitrust challenge to the proposed merger of rivals Sysco Corp. and US Foods Inc. are going into overtime.

A planned seven-day hearing in front of U.S. District Judge Amit Mehta was scheduled to end Wednesday, but will be extended with an additional hearing day this week and closing arguments at the end of May. Judge Mehta said he plans to call the Federal Trade Commission, which sued to block the deal in February, and the companies back to the courthouse after Memorial Day to present closing arguments on whether the transaction will harm competition.

Those proceedings are tentatively scheduled for May 28. 

Read the Full Article

Trending

More from our partners