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US: Termination of US Foods merger cost $693 million

By  |  August 10, 2015

Sysco termination of its merger with US Foods Inc. cost the company $693 million in its 2014 fiscal year, the Houston-based distributor said during an earnings call Monday.

Sysco called off its merger with US Foods in June, shortly after federal regulators won court approval to delay the controversial, $8.2 billion deal.

As a result, the company had to pay termination fees totaling $313 million.

Full content: Houston Chronicle

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