News

Randy Gordon Comments on Federal Judge Ruling Against Sysco's Merger with U.S. Foods

06.23.15

The Houston Chronicle covered the recent development in the merger between the two national broad-line food distributors Sysco Corp. and U.S. Foods. On June 23, a federal judge ruled against the merger, siding with federal regulators who argue that the combination could stifle competition. The $3.5 billion deal has been pending since Dec. 2013. After Tuesday's ruling, Sysco and U.S. Foods cannot move forward with the merger without further review. 

Gardere Partner Randy Gordon told that publication that it is not uncommon for companies to give up a merger at this stage, but the regulators haven't won yet. "We see these go both ways," he said. "The FTC of course has a great deal of credibility, they have a great deal of expertise in this area ... so their arguments do pack a lot of punch, but they don't always win." 

Subscribers can access the full article here.

The publications contained in this site do not constitute legal advice. Legal advice can only be given with knowledge of the client's specific facts. By putting these publications on our website we do not intend to create a lawyer-client relationship with the user. Materials may not reflect the most current legal developments, verdicts or settlements. This information should in no way be taken as an indication of future results.

Search Tips:

You may use the wildcard symbol (*) as a root expander.  A search for "anti*" will find not only "anti", but also "anti-trust", "antique", etc.

Entering two terms together in a search field will behave as though an "OR" is being used.  For example, entering "Antique Motorcars" as a Client Name search will find results with either word in the Client Name.

Operators

AND and OR may be used in a search.  Note: they must be capitalized, e.g., "Project AND Finance." 

The + and - sign operators may be used.  The + sign indicates that the term immediately following is required, while the - sign indicates to omit results that contain that term. E.g., "+real -estate" says results must have "real" but not "estate".

To perform an exact phrase search, surround your search phrase with quotation marks.  For example, "Project Finance".

Searches are not case sensitive.

back to top