It will be challenging for Sysco (NYSE:SSY) and US Foods to craft an antitrust remedy package that creates a new national competitor, industry sources said.
Wear your Teamster colors EVERY THURSDAY until we get a commitment from Sysco and US Foods that our jobs are safe if the merger is approved.
The Federal Trade Commission is considering a possible antitrust lawsuit to block the planned merger of Sysco Corp. SYY +3.41% and US Foods Inc., concerned that combining the nation's two biggest food suppliers to restaurants, schools and other institutions could threaten competition, according to people familiar with the matter.
(CORONA, Calif.) - On Thursday, Sept. 4, US Foods warehouse workers in Corona, Calif. voted by more than a 2-1 margin to join Teamsters Local Union 63 in Covina, Calif. The workers are concerned about job security as Sysco attempts to acquire their employer.
Teamsters are standing together to protect good jobs at Sysco and US Foods. Our solidarity on many fronts helped to defeat the mega-merger of the two companies, which would have put thousands of jobs at risk. But challenges remain as both companies refine their plans. Join our campaign to ensure these foodservice giants honor their agreements with 11,500 Teamsters and help us bring more Sysco and US Foods workers into the Teamster family. LIKE our Facebook page, here.
WASHINGTON (The Deal) -- A major union representing workers at Sysco Corp. (SYY_) and US Foods said Thursday the merger partners have underestimated the market share the combined company would have if their $8.2 billion combination is cleared by the Federal Trade Commission.
The Teamsters Union hosted a conference call to present its own research on the market share that Sysco and US Foods would have after a proposed merger, with attorney Donald Baker providing antitrust law commentary.