A&P negotiates to purchase Pathmark

The Great Atlantic & Pacific Tea Co Inc (A&P) is in negotiations to acquire Pathmark Stores Inc at a possible price of $12.50 per Pathmark share to be paid in cash and A&P stock. No final agreement has been reached, but if one occurs, it will be subject to a number of uncertainties and conditions. Among these would be shareholder and regulatory approvals, including federal and state antitrust clearances.

Founded in 1859, A&P is one of the nation’s first supermarket chains. The Montvale NJ-based company operates 410 stores in nine states and the District of Columbia under these trade names: A&P, Waldbaum’s, The Food Emporium, Super Foodmart, Super Fresh, Farmer Jack, Sav-A-Center, and Food Basics.

Carteret NJ-based Pathmark has 140 stores in Pennsylvania, New Jersey, Delaware, and New York.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.