Sysco termination of its merger with US Foods Inc. cost the company $693 million in its 2014 fiscal year, the Houston-based distributor said during an earnings call Monday.
Sysco called off its merger with US Foods in June, shortly after federal regulators won court approval to delay the controversial, $8.2 billion deal.
As a result, the company had to pay termination fees totaling $313 million.
Full content: Houston Chronicle
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