A&P Raises $203 Million in Metro Stock Sale

MONTVALE, N.J. -- A&P here said Tuesday that it raised around $203.5 million from the sale of stock in Metro Inc. and would use the proceeds to fund its previously announced acquisition of Pathmark Stores. A&P acquired a 15% ownership stake in Metro as the result of Metro‘s purchase of A&P‘s Canadian stores in 2005. A&P said it continues to hold 11.7 million Metro shares, the company said.