A&P RAISES $203 MILLION IN METRO STOCK SALE MONTVALE, N.J. — A&P here said last week that it raised about $203.5 million from the sale of stock in Canadian retailer Metro Inc. and will use the proceeds to fund its previously announced acquisition of Pathmark Stores. A&P acquired a 15% ownership stake in Metro as the result of Metro's purchase of A&P's Canadian stores in 2005. A&P said it continues to hold 11.7 million Metro shares, or a stake of about 10.2%. WHOLE ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.