The Teamsters Union has come out against the $8.2 billion merger of food distribution giants Sysco Corp. and U.S. Foods, arguing that the combination would not only lead to job losses, but would also drastically reduce competition in the industry. The distributors say the merged company would only have 25% market share. However, the Teamsters Union, which represents 11,500 drivers and warehouse workers at those companies, estimates that it would be a virtual monopoly with 70% market share. According to The Deal's Bill McConnell, industry analysts don't think its market share would be quite that high, but some peg it above what U.S. Foods and Sysco expect. The Deal's Lisa Allen has the details from New York.
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