MONTVALE, N.J. — A&P here said Monday that it has completed the sale of its shares in Metro Inc., generating proceeds of about $347 million, to be put toward its impending purchase of Pathmark. Metro acquired approximately 1.5 million of the 11.7 million shares that A&P sold, the companies said. Stock in Metro traded up more than 5% Monday after the news. A&P became a 15% owner of Metro as the result of its deal to sell its stores in Canada to the Montreal retailer in 2005 but ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

Why Register for FREE?

Registering for content on Supermarket News will give you INSTANT access 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’s FREE, 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.

Click here to read the FAQ page if you have any questions (opens in a new window)

Attention Paid Print Subscribers:  While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.