Sysco To Sell Assets Worth 10% Of Sales For Merger OK

Investors.com http://ift.tt/1KkdvPk Sysco (SYY) is divesting assets in an attempt to help gain regulatory approval for its pending merger with US Foods. The food distributor said on Monday that it has reached a definitive agreement to sell 11 US Foods distribution centers to Performance Food Group, contingent on consummation of the proposed merger. Financial terms of the deal were undisclosed. The 11 locations garnered $4.6 billion in revenue in fiscal 2014, which ended June 28, the