The Great Atlantic & Pacific Tea Company, Inc. completed its acquisition of Pathmark Stores, Inc. for $1.4 billion in cash, stock and assumed or retired debt.(MERGERS & ACQUISITIONS)(The Great Atlantic & Pacific Tea Company, Inc. has acquired Pathmark Stores, Inc.)(Brief article)

Food Institute Report, The, December, 2007

THE GREAT ATLANTIC & PACIFIC TEA COMPANY, INC. completed its acquisition of PATHMARK STORES, INC. for $1.4 billion in cash, stock and assumed or retired debt. The merger forms a chain of approximately 450 stores with $ 9.4 billion in annual sales volume, with leading market share in the New York metropolitan area, as well as significantly increased market share in greater Philadelphia and Baltimore areas.

A&P, which will maintain the Pathmark name, will retain substantially all Pathmark store operations personnel and approximately 125 corporate associates. For prior details, see FOOD INSTITUTE REPORT Dec. 3, page 6.