A&P Shares Slide on Bankruptcy Fears

Shares of A&P here tumbled below $1 per share early Friday amid speculation that the chain was nearing bankruptcy.

MONTVALE, N.J. — Shares of A&P here tumbled below $1 per share early Friday amid speculation that the chain was nearing bankruptcy.

A Bloomberg report early Friday said the chain had hired a law firm to represent it in negotiations with creditors. Struggling with massive losses and deteriorating sales, A&P said in October that it was negotiating a new lending agreement with its banks and had expected to final

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