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Stock Market & Financial Investment News

News Breaks
June 16, 2014
08:38 EDTSYYSysco-US Foods merger regulatory review remains on track
Sysco issued the following statement in response to a recent report regarding the status of the Federal Trade Commission's review of the proposed Sysco-US Foods merger. Bill DeLaney, Sysco president and CEO, said: "In light of this recent misleading report, it's important to convey that Sysco continues to cooperate closely with the Federal Trade Commission in its review of the proposed merger of Sysco and US Foods. We are engaged in a productive dialogue with the FTC, and the review is proceeding as expected. We continue to believe that the Commission, once it finishes its investigation, will conclude that our industry is -- and will continue to be -- fiercely competitive. Our proposed merger will benefit customers and help us become more efficient in this rapidly evolving marketplace."
News For SYY From The Last 14 Days
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January 30, 2015
14:28 EDTSYYSysco February volatility elevated into Q2 and outlook
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January 29, 2015
06:43 EDTSYYFTC issues subpoenas regarding Sysco, US Foods merger, NY Post says
Indicating further delays and possible cancellation of the deal, regulators from the Federal Trade Commission sent subpoenas to a third-party food distributor this week regarding Sysco's (SYY) $8.2B merger with US Foods, reports the New York Post, citing a source with direct knowledge of the situation. The source said it is "shockingly unclear" whether the FTC is gathering information in order to approve the deal or to block it. Blackstone's (BX) Performance Food Group, which earlier agreed to buy $5B of Sysco assets to make Sysco's merger more palatable to regulators, did not receive a subpoena. Reference Link
January 22, 2015
05:49 EDTSYYStocks with implied volatility movement; SYY GGP
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