Securities Law Prof Blog

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

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Tuesday, March 6, 2007

A&P Will Acquire Pathmark

A&P will acquire its rival Pathmark in another sign of the increasing consolidation in the grocery store business.  It will offer Pathmark shareholders $9 in cash and 0.12963 in stock in a friendly tender offer.   The acquisition is valued at $1.3 billion, including assumption of debt. The combined business will consist of 550 stores in the northeast.  See NYTimes, A.& P. to Buy Pathmark, a Rival Grocer and WSJ, Grocery Chain A&P Agrees to Buy Rival Pathmark for $677.3 Million.

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