BUFFALO, N.Y. — Tops Friendly Markets here has asked the Federal Trade Commission for approval to sell three former P&C stores to a group headed by the former chief executive of their previous owner, Penn Traffic.
The sale of the stores, located in Ithaca, N.Y., Cortland, N.Y., and Sayre, Pa., would be a part of FTC-mandated divestitures resulting from Tops’ 2010 acquisition of Penn Traffic.
The proposed buyer of the store, Hometown Markets, is headed by Gregory Young, the former CEO ...
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