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Sysco says would divest 11 U.S. Foods centers to win deal approval

02/02/2015 - 13:36

(Reuters) - Food distributor Sysco Corp said it would sell 11 distribution centers run by takeover target US Foods Inc [USFOO.UL] to Performance Food Group to satisfy antitrust concerns.

The centers generated $4.6 billion in revenue in US Foods' most recent fiscal year, SYSCO (SYY.NY)said on Monday.

Sysco announced its agreement to buy US Foods for $3.5 billion in December 2013.

(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Don Sebastian)