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.

Register to view the full article