Sysco says acquisition pipeline is 'robust' Says charges related to restructuring executive retirement plans will result in approximately $12M in charges in 2H13. Says retirement-related expenses are expected to increase in FY13 by $25M-$35M. Says withdrawal from underfunded multi-employer pension plan to result in charge of approximately $40M in 3Q13. Comments from slides that will be presented on the Q2 earnings conference call.
FTC near end of Sysco deal review, with parties still divided, WSJ says The Federal Trade Commission is close to wrapping up its review of the proposed merger of Sysco and U.S. Foods, but people familiar with the talks said gaps still exist between the two sides on potential divestitures and it remains possible the FTC could bring a civil suit challenging the deal, according to The Wall Street Journal. Reference Link