A&P to Fund Pathmark Deal With Metro Sale Proceeds

A&P said it would shed the remainder of its ownership stake in Canadian retailer Metro to fund its pending purchase of Pathmark and avoid — or at least delay — the need to raise money in the debt markets to fund the deal.

MONTVALE, N.J. — A&P here said it would shed the remainder of its ownership stake in Canadian retailer Metro to fund its pending purchase of Pathmark and avoid — or at least delay — the need to raise money in the debt markets to fund the deal. Traders on Tuesday, however, seemed intent on lowering the value A&P could get for its 11.7 million shares, with the stock dropping to a 52-week low following the announcement late Monday and bringing the value of the shares from around $435 mil

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