A&P, Pathmark Extend Date for Merger

A&P said yesterday that it has reached an agreement with the Federal Trade Commission not to complete its proposed acquisition of Pathmark Stores, Carteret, N.J., before 11:59 p.m. on Sept. 26.

MONTVALE, N.J. — A&P here said yesterday that it has reached an agreement with the Federal Trade Commission not to complete its proposed acquisition of Pathmark Stores, Carteret, N.J., before 11:59 p.m. on Sept. 26. In March, A&P agreed to acquire Pathmark in a transaction valued at $1.3 billion, and is awaiting FTC approval. Last month A&P said it had substantially complied with the FTC’s request for information on the deal. Analysts expect the two chains will close several stores in order to satisfy antitrust concerns.

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