NEWS WATCH: PATHMARK SETS VOTE AS BOARD REJECTS NEW OFFER...WAL-MART FEELS PINCH OF HIGHER FUEL COSTS...SAME-STORE SALES SLIP AT THREE AHOLD BANNERS...

PATHMARK SETS VOTE AS BOARD REJECTS NEW OFFERecial shareholders' meeting here June 9 to vote on its proposed transaction with Yucaipa Cos. -- a decision the retailer made amid threats that Yucaipa would withdraw its offer and sue because Pathmark was considering revised offers from an unnamed private bidder. According to a proxy statement, after Pathmark's board agreed to a proposed deal with Yucaipa

PATHMARK SETS VOTE AS BOARD REJECTS NEW OFFER

ecial shareholders' meeting here June 9 to vote on its proposed transaction with Yucaipa Cos. -- a decision the retailer made amid threats that Yucaipa would withdraw its offer and sue because Pathmark was considering revised offers from an unnamed private bidder. According to a proxy statement, after Pathmark's board agreed to a proposed deal with Yucaipa March 23, a private-equity firm that lost out on the initial bidding offered se

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