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Price Chopper Supermarkets, Schenectady, N.Y., is offering $54 million in cash to acquire 22 of Penn Traffic's locations, according to a filing in bankruptcy court last week. Penn Traffic, based here, said it was seeking court approval to conduct the transaction as a private sale rather than subject the stores to an auction. Conducting the transaction

PRICE CHOPPER BIDS $54M FOR 22 P&CS

SYRACUSE, N.Y. — Price Chopper Supermarkets, Schenectady, N.Y., is offering $54 million in cash to acquire 22 of Penn Traffic's locations, according to a filing in bankruptcy court last week. Penn Traffic, based here, said it was seeking court approval to conduct the transaction as a private sale rather than subject the stores to an auction. Conducting the transaction as a private sale is a condition of Price Chopper's offer, according to t

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