Penn Traffic Seeks $36.5M for Assets

Penn Traffic Co. here reached a agreement with a network of property sales agents to market the company's stores and liquidate its merchandise, according to filing yesterday with the U.S. Bankruptcy Court.

SYRACUSE, N.Y. — Penn Traffic Co. here reached a agreement with a network of property sales agents to market the company's stores and liquidate its merchandise, according to filing yesterday with the U.S. Bankruptcy Court.

The agents have guaranteed that Penn Traffic would receive $36.5 million for the assets. Penn Traffic, which filed bankruptcy last month, currently operates 79 locations, including four that Penn Traffic is seeking to sell to Price Chopper, Schenectady, N.Y.

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