A&P BEGINS SELLING STORES TO OFFSET DEBT

MONTVALE, N.J. -- A&P here said it is selling its Super Foodmart stores in northern New England. The move is seen as either a stopgap measure to avoid possible defaults on debt obligations, or the first step in a series of asset sales.

A&P disclosed agreements earlier this month to sell nine of its 34 stores in Massachusetts, Connecticut and New Hampshire to three separate buyers for a combined total of approximately $80 million, with eight more Massachusetts stores stil

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