US Foods

Sysco Abandons Its Plans of Acquiring US Foods Inc.

Sysco Abandons Its Plans of Acquiring US Foods IncAlthough the merger of Sysco Corp and US Foods Inc. would have been beneficial for the companies and would have cut cost for both, but that isn't happening right now.

Sysco Corp. to buy US Foods

Sysco Corp. to buy US FoodsSysco Corp. Shares leaped up after it agreed to buy US Foods for about $3.5 billion in stock and cash, uniting two of the nation’s largest food distributors. Sysco shares jumped almost 10 percent to hit their highest point in decades. The deal will see Houston-based Sysco, capture about 25 percent of the nation’s food distribution business.

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