A&P in Talks to Buy Pathmark
MONTVALE, N.J. -- In a development not only expected by many, but publicly hinted at by top executives from at least one of the parties involved, The Great Atlantic & Pacific Tea Company, Inc. here said yesterday that it was in the midst of negotiations to acquire Carteret, N.J.-based Pathmark Stores, Inc. for a possible price of $12.50 per Pathmark share or about $653 million (based on the number of Pathmark shares outstanding), to be paid in cash and A&P stock.