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 ...
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