Price Chopper CEO Cedes Penn Traffic Bid to Tops

Tops Friendly Markets' $85 million-plus bid for Penn Traffic here appears to be a winner, the chief executive officer of rival bidder Price Chopper Supermarkets told SN last week. To the best of my knowledge, there was no other bidder [to rival that offer], said Price Chopper's Neil Golub. The combination of the compensation and money they were able to offer were more than any other

SYRACUSE, N.Y. — Tops Friendly Markets' $85 million-plus bid for Penn Traffic here appears to be a winner, the chief executive officer of rival bidder Price Chopper Supermarkets told SN last week.

“To the best of my knowledge, there was no other bidder [to rival that offer],” said Price Chopper's Neil Golub. “The combination of the compensation and money they were able to offer were more than any other bidder.”

Bidding was scheduled to close late last week, and t

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