In December 2013, , the largest broadline food distributor in the United States, announced a definitive agreement to acquire its largest competitor, US Foods , for approximately $8.2 billion, including assumed debt. The merger intended to create a dominant player with a 75% market share in national broadline distribution. However, the deal was terminated in June 2015 following a Federal Trade Commission (FTC) lawsuit and a subsequent federal court ruling that concluded the merger would significantly harm competition in the foodservice industry. 1. Context and Strategic Rationale
Sysco officially abandoned the merger on June 29, 2015. sysco buys us foods
On February 19, 2015, the FTC sued to block the merger, arguing it violated antitrust laws. In December 2013, , the largest broadline food