Sysco Cancels $8.2 Billion US Foods Takeover
Foods distributor Sysco said on Monday it would terminate a $8.2 billion acquisition of private equity-owned competitor US Foods , undoing what was a closely followed deal that may also have wider ramifications on merger and acquisition activity on Wall Street. The deal’s cancellation comes just days after a federal judge granted the Federal Trade Commission’s request for an injunction on antitrust grounds. …