Most Penn Traffic Stores Likely to Be Bought: Senator

SYRACUSE, N.Y. — Allowing extra time for additional bids on Penn Traffic's stores will result in more of the locations being acquired, Sen. Chuck Schumer, D-N.Y., said at a worker rally here on Dec. 30.

SYRACUSE, N.Y. — Allowing extra time for additional bids on Penn Traffic's stores will result in more of the locations being acquired, Sen. Chuck Schumer, D-N.Y., said at a worker rally here on Dec. 30.

"Penn Traffic has received numerous bids, and the odds are pretty good that the vast majority of stores will remain open," he said at the rally, a video of which was posted on YouTube last week.

As reported by SN last month, creditors have agreed to extend the bid

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