Penn Traffic Still Seeks Last-Minute Buyers

Penn Traffic here has reached an agreement with liquidators to sell off its assets, but is still seeking a last-minute buyer that would acquire most of its stores and continue to operate the chain, the company said last week. In a filing with the U.S. Bankruptcy Court in Delaware, Penn Traffic, which filed for Chapter 11 protection in November, the company said it agreed to a pact with

SYRACUSE, N.Y. — Penn Traffic here has reached an agreement with liquidators to sell off its assets, but is still seeking a last-minute buyer that would acquire most of its stores and continue to operate the chain, the company said last week.

In a filing with the U.S. Bankruptcy Court in Delaware, Penn Traffic, which filed for Chapter 11 protection in November, the company said it agreed to a pact with a group of sales agents that would bring in at least $36.5 million for 75 of

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