KENNEDY LEADS LETTER URGING FTC TO BLOCK $29.1 BILLION SYSCO-RESTAURANT DEPOT MERGER

Washington, Oct. 27 -- Congressman Tim Kennedy issued the following press release:

Kennedy and Colleagues Warn Proposed Acquisition Threatens Independent Restaurants, Local Jobs, and Affordability by Eliminating a Critical Source of Price Competition BUFFALO, N.Y. - Congressman Tim Kennedy (NY-26) led his colleagues in sending a letter to the Federal Trade Commission (FTC) urging rejection of Sysco Corporation's proposed $29.1 billion acquisition of Jetro Restaurant Depot. Members warned that the merger would reduce competition, drive up costs for independent restaurants, and threaten the small businesses that anchor local economies across Western New York and the nation. Across the country, independent restaurants are already facing mount...