Investor Ronald Burkle said he may seek potential strategic transactions for Pathmark Stores Inc. after his investment firm recently acquired a 49.99% stake in the struggling supermarket chain, reports the Dow Jones news agency.
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Burkle said in a filing on Monday with the Securities and Exchange Commission that “there are significant opportunities in the supermarket industry in the Northeast,” and Pathmark Stores is “a viable platform for future consolidation.”
Some shareholders have filed a lawsuit charging the company with failing to disclose a more lucrative buyout offer than Burkle’s $150 million deal.
