A&P Closes Pathmark Deal

A&P on Monday said it has completed its purchase of rival Pathmark, creating a 450-store, $9.4 billion chain with market share leadership in the Northeast.

MONTVALE, N.J. — A&P here on Monday said it has completed its purchase of rival Pathmark, creating a 450-store, $9.4 billion chain with market share leadership in the Northeast. Pathmark shareholders received $9 in cash and 0.13 shares of A&P for each share in Pathmark, making the deal worth around $1.4 billion in cash, stock and assumed debt. A&P said it would retain the Pathmark name and store network, as well as 125 corporate associates and all of its store personnel. The compa

Register to view the full article

test - Advanced Registered User

Already a member? .

TAGS: News