Great Atlantic & Pacific Tea Co., the owner of A&P, Super Fresh and Food Emporium supermarkets, agreed to buy Pathmark Stores for $1.3 billion to create the largest grocery chain in the Northeast.
Pathmark investors are to receive about $13 a share -- $9 in cash and 0.13 share of Great Atlantic stock, the companies said yesterday in a statement. Great Atlantic, of Montvale, N.J., is paying 7.9 percent more than Pathmark's stock price Feb. 26, the day before the companies said they were discussing a merger. The price includes debt and liabilities
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Lol...my cousin Cathy, alerted me to this a few weeks ago....she told me to AVOID the "America's Choice" brand of meats at ALL COSTS!!!
"Change is the law of life. And those who look only to the past or present are certain to miss the future. " - John F. Kennedy