SYSCO Corporation (NYSE:SYY), the country's biggest food distributor, is one step closer to its much talked about acquisition of its biggest competitor, US Foods Inc. The company is reported to be in talks to sell some of its assets to another food company owned by The Blackstone Group L.P. (NYSE:BX) in order to win the nod of the regulatory authorities.
SYSCO Corporation (NYSE:SYY), the country's biggest food distributor, is one step closer to its much talked about acquisition of its biggest competitor, US Foods Inc. The company is reported to be in talks to sell some of its assets to another food company owned by The Blackstone Group L.P. (NYSE:BX) in order to win the nod of the regulatory authorities.
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