|Articles|November 29, 2007

A&P may acquire Pathmark by early December

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.

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