Food distributor US Foods plans IPO amid slow market
It's the biggest company to file for an offering in 2016, less than a year after failed merger plans with Sysco
New York
IN ITS first six weeks, 2016 has largely been devoid of big initial public offerings. But a major food distributor is planning to change that.
US Foods disclosed on Tuesday that it intended to go public, less than a year after its planned merger with a rival, Sysco, collapsed because of opposition from government regulators.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Billionaire Geiger is said to near US$7 billion L’Occitane buyout
HCA beats first-quarter profit estimates on higher patient admissions
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
EU toughens rules on Chinese fashion retailer Shein
Best World under fire from shareholders at AGM over dividends, director salaries
‘Extreme’ climate blamed for world’s worst wine harvest in 62 years