Published On: Mon, Jun 29th, 2015

Goldman Sachs will lose out on $35 million in fees after the government killed a food merger

Goldman Sachs was the biggest loser when two food distributors had to give up their mega merger.

Goldman Sachs CEO Lloyd Blankfein Speaks At Economic Club Of Washington


The government shot down Sysco’s planned $3.5 billion takeover of US Foods, and it’s going to cost Goldman Sachs.

Goldman was the lone adviser on either side of the deal. The bank stands to lose more than $35 million in deal fees it had been expecting since 2013 after Sysco decided to walk away from its offer to buy US Foods.

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