WASHINGTON, Aug. 26 -- Sen. Tammy Baldwin issued the following press release:
WASHINGTON, D.C. - Today, U.S. Senators Tammy Baldwin (D-WI) and Cory Booker (D-NJ) are demanding the Federal Trade Commission (FTC) thoroughly investigate Sysco's proposed $29.1 billion acquisition of Jetro Restaurant Depot, over concerns that the deal could further consolidate the nation's food distribution system, weaken competition, and drive-up costs for independent restaurants and consumers.
"A single dominant company monopolizing the food distribution system will allow one company unprecedented power to raise prices and reduce purchasing options for independent restaurants. The higher food and supply costs restaurants will likely incur from this merger wi...