A&P may acquire Pathmark by early December

Article

A&P and Pathmark merger near

The Great Atlantic & Pacific Tea Co., Montvale, N.J., has reportedly sold its 11.7 million shares of Canadian grocery chain Metro Inc., raising about $347 million to finance its acquisition of Pathmark Stores Inc., Carteret, N.J. A&P, which operates 410 stores, expects to complete the Pathmark purchase in early December. The Pathmark acquisition will give A&P a bigger presence in the Northeast. Pathmark has 127 pharmacies.

To see more Daily News articles, click here.

To go to the Drug Topics homepage, click here.

To see more Daily News articles, click here.

To go to the Drug Topics homepage, click here.

Recent Videos
Related Content
© 2024 MJH Life Sciences

All rights reserved.