CARTERET, N.J. -- Pathmark Stores here said last week it has initiated discussions with its bondholders toward developing a consensual restructuring plan to reduce debt. Sources said the move may eventually lead to a change in the company's ownership status. Jim Donald, chairman, president and chief executive officer, said the restructuring "will enable [the company] to realize the significant value that exists in the Pathmark franchise." Industry sources said the deleveraging could lead ...

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