STOP & SHOP TO BUY MELMARKETS

QUINCY, Mass. -- Stop & Shop Cos. here last week entered into a definitive agreement to purchase Melmarkets/Foodtown, Garden City, N.Y., for $87 million.Stop & Shop has also agreed to assume an unspecified amount of Melmarkets' long-term debt. The deal is expected to close later this year.Melmarkets, which operates 17 stores in Nassau and Suffolk counties, recorded sales of $386 million last year.

QUINCY, Mass. -- Stop & Shop Cos. here last week entered into a definitive agreement to purchase Melmarkets/Foodtown, Garden City, N.Y., for $87 million.

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