HOW YUCAIPA CAPTURED PATHMARK

CARTERET, N.J. -- Pathmark Stores' marriage to Yucaipa Cos. left the retailer's primary grocery supplier and a private equity firm waiting at the altar, the retailer here revealed in a letter to shareholders.The letter, filed with the Securities and Exchange Commission, detailed Pathmark's 10-month search for strategic options to revitalize its operations and explained how Yucaipa emerged with the

CARTERET, N.J. -- Pathmark Stores' marriage to Yucaipa Cos. left the retailer's primary grocery supplier and a private equity firm waiting at the altar, the retailer here revealed in a letter to shareholders.

The letter, filed with the Securities and Exchange Commission, detailed Pathmark's 10-month search for strategic options to revitalize its operations and explained how Yucaipa emerged with the winning bid amid several alternatives. Pathmark's financial advisor, Dresdner Kleinwort

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