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
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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.
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