PATHMARK UPGRADES PLANNED

CARTERET, N.J. -- Pathmark Stores here opted to accept Yucaipa Cos.' offer to plow $150 million into the company to increase its long-term value rather than selling the company outright in a depressed market, Ron Burkle, Yucaipa's managing general partner, said here last week.

"Our argument to the board was that it made more sense over the long term to increase the company's value by investing in it than selling it," Burkle explained. "Why sell the com

Register to view the full article

test - Advanced Registered User

Already a member? .