Automatic Merchandiser

AUG 2015

Automatic Merchandiser serves the business management, marketing, technology and product information needs of its readers including vending operators, coffee service operators, product brokers, and product and equipment distributors in print.

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Page 7 of 47

ysco Corporation announced that it terminated its merger agreement with US Foods, days after the U.S. District Court in Washington, D.C., granted the Federal Trade Commis- sion's request for a preliminary injunc- tion to block the proposed Sysco-US Foods merger. This action also terminates an agreement with Performance Food Group (PFG) to purchase US Foods facilities in 11 markets. Under terms of the merger agree- ment, the termination of the transac- tion requires Sysco to pay break-up fees of $300 million to US Foods and $12.5 million to PFG. "After reviewing our options, including whether to appeal the Court's decision, we have concluded that it's in the best interests of all our stakeholders to move on," said Bill DeLaney, Sysco president and chief executive offcer. "We believed the merger was the right strategic decision for us, and we are disappointed that it did not come to fruition." In Dec. 2013 Sysco Corp. and US Foods had originally announced an agreement to merge, however, the Federal Trade Commission fled a lawsuit in Feb. 2015, challeng- ing the merger on antitrust grounds. S Sysco Terminates Merger Agreement With US Foods that with the removal of bottled water, consumers increased their consumption of less healthy bottled bever- ages. Additionally, the ban did not reduce the number of bottles entering the waste stream from the university campus (the ultimate goal of the ban). The study was done by Elizabeth R. Berman and Rachel K. Johnson with the Department of Nutrition and Food Sciences at the Univer- sity of Vermont, Burlington. University administra- tors still stand by the ban, according to BeverageDaily. However, they are in the process of making changes in light of the study. U.S. House Votes To Ban States From Mandatory GMO Labeling ▶ The U.S. House of Representatives voted 275-150 to pass a measure that would block states from issuing any mandatory labeling laws for foods that contain genetically modifed organisms (GMOs), accord- ing to Reuters. The Safe and Accurate Food Labeling Act of 2015, as it's known to its supporters, would create a voluntary nationwide label- ing system overseen by the federal government. "This bill, supported by over 400 groups that provide safe and affordable food for our world, will eliminate the state-by-state labeling patchwork that would serve to confuse consumers, stig- matize GMO crops, and raise food costs," said Congress- man Mike Pompeo (R-KS), a co-sponsor of the bill, in a statement. The bill moves forward to the Senate. Sysco terminated its merger agreement with US Foods 1.5 years after announcing the deal. Adverse Affects Of Bottled Water Ban ▶ A new study published in the American Journal of Public Health investigated how the removal of bottled water at the University of Vermont in 2013 affected con- sumer purchas- ing behavior, healthiness of beverage choices and consumption of calories and added sugars. It found C A L E N D A R O F E V E N T S SEPT. 17-19 AAMC/CAVC 2015 Annual Meeting Wild Horse Pass Hotel & Casino Chandler, AZ Phone: 626-229-0900 SEPT. 23-25 2015 TMVA Convention Moody Gardens Hotel, Spa & Convention Center Galveston, TX Phone: 832-358-8080 SEPT. 24-26 Eu'Vend & coffeena 2015 Koelnmesse Cologne, Germany Phone: 773-326-9928 OCT. 28-30 NCA Coffee Summit 2015 JW Marriott Austin Austin, TX Phone: 212-766-4007 OCT. 15-17 CAMA Expo 2015 The Scotiabank Convention Centre Niagara Falls, ON Phone: 888-849-2262 NOV. 2-4 CoffeeTea&Water Gaylord National Resort & Convention Center Washington, D.C. Phone: 312-346-0370 8 Automatic Merchandiser August 2015 T O P N E W S

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