A&P to Fund Pathmark Deal With Metro Sale Proceeds

Montvale, N.J. A&P's impending purchase of Pathmark will be funded by proceeds generated by a sale of its remaining stock in Canadian retailer Metro. The swapping of ownership interests will help A&P shore up its balance sheet, strengthen its strategic positioning and avoid the need to raise funds through the debt markets, analysts said last week. It also indicated that the Pathmark deal including

MONTVALE, N.J. — A&P's impending purchase of Pathmark will be funded by proceeds generated by a sale of its remaining stock in Canadian retailer Metro.

The swapping of ownership interests will help A&P shore up its balance sheet, strengthen its strategic positioning and avoid the need to raise funds through the debt markets, analysts said last week. It also indicated that the Pathmark deal — including store divestitures as required by federal regulators — is nearing com

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