If the Sysco-US Foods merger is blocked by the federal court hearing arguments this week on the deal, the distribution giants will likely step back and decide whether to pursue other legal options or accept defeat, Sysco CEO Bill Delaney told financial analysts Monday.
Asked specifically if the company has a plan if the merger is blocked, Delaney responded, “Yes, we have done some contingent planning and it's not fully developed… Once we have a ruling, we'll probably take some more time but not a lot of time and go forth from there with some other strategic directions.”
He declined to provide any details.
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