By Mike LaSusa (April 8, 2019, 9:38 PM EDT) -- A pair of alcoholic beverage distribution companies have called off a proposed deal to join their businesses in the face of pressure from the Federal Trade Commission, which had been probing the planned merger, the regulator announced on Monday.
The FTC said it had been investigating the proposed deal between Republic National Distribution Co. and Breakthru Beverage Group, and it found that the deal could have limited competition in the alcoholic beverage distribution sector to the detriment of both suppliers and consumers.
"Staff gathered extensive testimonial, documentary, and economic evidence to support our concerns that this transaction likely would have resulted...
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