SYRACUSE, N.Y. — Penn Traffic here recorded a loss of $4.8 million for an acquisition that did not materialize, the company said in a conference call discussing its results for the recently ended fiscal year. Although Penn Traffic officials declined to elaborate on the failed deal, industry sources suggested that Penn Traffic was seeking to buy all or part of the Williamsville, N.Y.-based Tops Markets chain, which also operates in western New York state. Tops was acquired from former ...
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.