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"We wonder if the FTC would bother agreeing to an extension if it was dead set on blocking the deal," said BB&T Capital Markets analyst Anthony Chukumba to Reuters.
The extension gives both companies time to negotiate terms of the deal, including potential divestiture of large delivery accounts. Joseph Feldman, an analyst for Telsey Advisory Group, told Reuters that if the FTC requires both companies to give up some customers that sell to other businesses, the deal could fall through. But he also said that he saw a 60-to-65 percent chance that the FTC approves the deal.
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Brendan Menapace
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Brendan Menapace is the content director for Promo+Promo Marketing.
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