A&P to buy Pathmark
The Great Atlantic & Pacific Tea Co., Montvale, N.J., and Pathmark Stores, Carteret, N.J., have reached a definitive merger agreement in which A&P will acquire Pathmark Stores. The acquisition will create a 550-store supermarket chain operating in the New York, New Jersey, and Pennsylvania metro areas, as well as in Baltimore/Washington, D.C., Louisiana, and Michigan. The transaction is expected to be completed during the second half of A&P's fiscal year 2007. Pathmark has 128 pharmacies.
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