Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Wednesday, February 28, 2007

Another Supermarket Merger in the Works

A&P is negotiating to buy Pathmark for $12.50 per share in cash and stock, a 3.7% premium over its market price, for a total price of $652.5 million.  The planned merger of the two New Jersey-based supermarket chains continues a trend of consolidation in the industry, following last week's announcement of a merger between Whole Foods and Wild Oats.  See NY Times, A.& P. Negotiating to Acquire Pathmark and WSJ, A&P Bid for Pathmark May Forge Regional Giant.

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