AHOLD AGREES TO PURCHASE PATHMARK FOR $1.75 BILLION

ZAANDAM, Netherlands -- Ahold here last week said it plans to acquire Pathmark Stores, Carteret, N.J., in a deal that tightens the global retailer's grip on the East Coast of the United States.The transaction would build critical mass for the Dutch-based company in the key markets of metro New York and Philadelphia and widen the reach of the Pathmark franchise. After acquiring Pathmark's 132 stores

ZAANDAM, Netherlands -- Ahold here last week said it plans to acquire Pathmark Stores, Carteret, N.J., in a deal that tightens the global retailer's grip on the East Coast of the United States.

The transaction would build critical mass for the Dutch-based company in the key markets of metro New York and Philadelphia and widen the reach of the Pathmark franchise. After acquiring Pathmark's 132 stores Ahold plans to fold the more than 70 Edwards Super Food Stores units in New Jersey, Ne

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