US: A&P sees Pathmark buy next month
By just-food.com | 19 November 2007
US retail group A&P has repeated its belief that it will complete its US$1.3bn takeover of regional retailer Pathmark early next month.
A&P, which agreed to buy Pathmark in March, has faced a series of delays in sealing the deal due to an ongoing anti-trust investigation from the Federal Trade Commission.
A&P, which is owned by German conglomerate Tengelmann, has agreed to sell off an unspecified number of stores at the behest of the FTC.
The retailer said it had given notice to the FTC that it planned to "consummate" the deal after 27 November.
A&P operates 337 stores; Pathmark runs 140 supermarkets in the New York, New Jersey and Philadelphia metropolitan areas.
Sectors: Retail
View next/previous articles
19 Nov 2007 -
19 Nov 2007 -
Currently reading -
US: A&P sees Pathmark buy next month
19 Nov 2007 -
19 Nov 2007 -
There are currently no comments on this article
Be the first to comment on this article