MONTVALE, N.J. -- A&P here is in negotiations to purchase rival Pathmark Stores, A&P said Tuesday, shortly after trading of its shares was halted on the New York Stock Exchange. In a statement, A&P said it was in discussions to acquire Pathmark at a “possible price” of $12.50 per share in cash and stock but made no assurances a deal could be reached. Including $618 million in Pathmark debt, the proposed offer would value Pathmark at around $1.27 billion. Industry observers have ...
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 a complimentary copy of SN's salary survey sent to you by email.
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.