NEWS WATCH: A&P OFFERS TO BUY BACK OUTSTANDING NOTES... WINN-DIXIE SALES DROP, LOSSES INCREASE IN JUNE... FOOD DRIVES SALES GAINS AT TARGET IN 2Q...

A&P OFFERS TO BUY BACK OUTSTANDING NOTESas commenced tender offers for its outstanding notes due in 2007 and 2011. The offer, which would retire approximately $460 million in outstanding debt, was expected following A&P's sale of its Canadian division to Metro. A&P said the tender offer includes a consent payment of $30 per $1,000 principal amount of notes tendered before Sept. 7. Based on recent

A&P OFFERS TO BUY BACK OUTSTANDING NOTES

as commenced tender offers for its outstanding notes due in 2007 and 2011. The offer, which would retire approximately $460 million in outstanding debt, was expected following A&P's sale of its Canadian division to Metro. A&P said the tender offer includes a consent payment of $30 per $1,000 principal amount of notes tendered before Sept. 7. Based on recent treasury reference rates, the total consideration was approximately $1,

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