Morgan Stanley Buys Tops for $310 Million

Morgan Stanley Private Equity said yesterday it has agreed to buy the Tops Markets chain from Ahold for $310 million.

WILLIAMSVILLE, N.Y. — Morgan Stanley Private Equity said yesterday it has agreed to buy the Tops Markets chain, based here, from Ahold for $310 million. The deal is expected to close by the end of the year. Amsterdam-based Ahold said last year it was seeking a buyer for Tops, which operates 71 stores in western New York state and northwestern Pennsylvania. It also has five franchised locations. Ahold had folded Tops under the auspices of its more successful Giant of Carlisle, Pa., banner in 2

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