Ahold's Stop & Shop division to acquire 25 A&P stores in Greater New York
(Thomson Reuters ONE) -
Zaandam, the Netherlands - Ahold today announced its Stop & Shop division has
entered into an agreement with The Great Atlantic & Pacific Tea Company to
acquire 25 A&P stores in Greater New York for $146 million.
Upon completion, Stop & Shop plans to convert the Waldbaums, Pathmark and A&P
stores that are part of the agreement into Stop & Shop stores. The transaction
is currently expected to close in the second half of 2015.
The agreement is subject to further terms and conditions set forth therein and
relating to A&P's (chapter 11) bankruptcy proceedings filed on July 19, 2015,
which include the potential of a subsequent auction under which other higher bid
or bids could be received and accepted by A&P for these stores. The agreement
is also conditioned on regulatory requirements including anti-trust approval,
and the fulfillment thereof.
Stop & Shop, established in 1914, currently employs over 59,000 associates and
operates 395 stores throughout Massachusetts, Connecticut, Rhode Island, New
York and New Jersey.
Ahold's Stop & Shop to acquire 25 A&P stores:
http://hugin.info/130711/R/1940010/700265.pdf
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originality of the information contained therein.
Source: Ahold via GlobeNewswire
[HUG#1940010]
Unternehmensinformation / Kurzprofil:
Datum: 20.07.2015 - 18:00 Uhr
Sprache: Deutsch
News-ID 407893
Anzahl Zeichen: 1791
contact information:
Town:
Amsterdam
Kategorie:
Business News
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