CARTERET, N.J. -- Pathmark Stores here said last week its sales for the 13-week quarter ended July 31 declined 0.2% to $922.7 million but operating cash flow increased 0.7% to $54.0 million. BR Currently, the efforts of Ahold, Zaandam, Netherlands, to buy Pathmark are under review by the Federal Trade Commission. At the end of August, Ahold said it had extended its tender offer for the preferred stock
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CARTERET, N.J. -- Pathmark Stores here said last week its sales for the 13-week quarter ended July 31 declined 0.2% to $922.7 million but operating cash flow increased 0.7% to $54.0 million.
BR> Currently, the efforts of Ahold, Zaandam, Netherlands, to buy Pathmark are under review by the Federal Trade Commission. At the end of August, Ahold said it had extended its tender offer for the preferred stock of Supermarkets General Holding Corp., which controls Pathmark, to Oct. 8 from Sept. 3. Ahold also increased its offering price to $39.85 from $38.25 per share.
