SYRACUSE, N.Y. — Penn Traffic here on Friday said it had incurred a cost of $4.8 million during the fiscal year that ended Feb. 2 pursuing an acquisition that did not materialize. The company made the disclosure in reporting financial results for the fourth quarter and year as it seeks to return to a more regular reporting schedule following its 2003 bankruptcy filing. An investor on the conference call asked if the proposed acquisition was related to the Tops chain, which was sold last year ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.