Yucaipa Buys Into A&P

Ron Burkle’s Yucaipa Cos. will increase its ownership stake in A&P to 27.6% as a result of a preferred stock deal. The investment was part of $400 million in new financing for A&P, the struggling retailer announced Thursday.

MONTVALE, N.J. — Ron Burkle’s Yucaipa Cos. will increase its ownership stake in A&P to 27.6% as a result of a preferred stock deal. The investment was part of $400 million in new financing for A&P, the struggling retailer announced Thursday.

Yucaipa, which will also gain two additional seats on A&P’s board of directors, will invest $115 million and the Tengelmann Group, A&P’s Germany-based majority owner, will contribute $60 million toward a $175 million convert

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