CARTERET, N.J. -- Pathmark Stores here was poised last week to emerge from a prepackaged Chapter 11 as a publicly held debt-free company, pending a confirmation hearing in U.S. Bankruptcy Court in Delaware late last Thursday.
merge within 10 business days, with Sept. 12 reportedly set as the formal date. Pathmark filed its bankruptcy petition in mid-July.
Company officials could not be reached last week for comment.
Once Pathmark emerges, industry analysts have said