PENN TRAFFIC CLOSES 45 ACME STORE DEAL

SYRACUSE, N.Y. -- Penn Traffic Co. here said it has completed its acquisition of 45 Acme stores from American Stores Co., Salt Lake City, for approximately $94 million.res in northeastern Pennsylvania under a settlement agreement with the Federal Trade Commission.Those stores are in Towanda, Mount Carmel and Pittston, Pa., where both Acme and Penn Traffic have been competing. Under the settlement,

SYRACUSE, N.Y. -- Penn Traffic Co. here said it has completed its acquisition of 45 Acme stores from American Stores Co., Salt Lake City, for approximately $94 million.

res in northeastern Pennsylvania under a settlement agreement with the Federal Trade Commission.

Those stores are in Towanda, Mount Carmel and Pittston, Pa., where both Acme and Penn Traffic have been competing. Under the settlement, Penn Traffic must sell the Acmes in Towanda and Pittston and either the Acme

Register to view the full article

test - Advanced Registered User

Already a member? .