Quick Stats

Quick Stats

    You are here

    A&P, Pathmark Agree to Notify FTC Two Weeks Before Merger Deal Closes

    MONTVALE, N.J. - The Great Atlantic & Pacific Tea Co. here said yesterday that it and Pathmark Stores had agreed to give the Federal Trade Commission a two-week notice prior to the closing of their proposed merger, extending the effective applicable waiting period under the Hart-Scott-Rodino Act during which the two chains may not consummate the deal.

    MONTVALE, N.J. - The Great Atlantic & Pacific Tea Co. here said yesterday that it and Pathmark Stores had agreed to give the Federal Trade Commission a two-week notice prior to the closing of their proposed merger, extending the effective applicable waiting period under the Hart-Scott-Rodino Act during which the two chains may not consummate the deal.

    The companies agreed to give the notice to the FTC no sooner than Oct. 5. A&P said it and Pathmark are continuing to cooperate with the FTC is it scrutinizes the deal.

    The agency in the past has requested additional information from the companies related to the proposed $678.6 million acquisition of Pathmark.

    Related Content

    Related Content