Yucaipa Ups Stake In A&P

A&P last week unveiled new financing agreements that would provide the struggling retailer with $400 million, including a private stock sale to Yucaipa Cos. that would give Ron Burkle's investment group a 27.6% ownership stake in the company and two additional seats on its board of directors. Yucaipa will invest $115 million, and the Tengelmann Group, A&P's Germany-based majority owner,

MONTVALE, N.J. — A&P last week unveiled new financing agreements that would provide the struggling retailer with $400 million, including a private stock sale to Yucaipa Cos. that would give Ron Burkle's investment group a 27.6% ownership stake in the company and two additional seats on its board of directors.

Yucaipa will invest $115 million, and the Tengelmann Group, A&P's Germany-based majority owner, will contribute $60 million toward a $175 million convertible stock

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