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WASHINGTON -- Federal Trade Commission antitrust regulators have approved the $310 million purchase of Tops Markets by Morgan Stanley Private Equity. The deal is expected to close in the fourth quarter.
Tops, which operates 71 stores under the Tops Markets and Martin's Super Food Stores banners in New York and Pennsylvania, is owned by Dutch retail conglomerate Ahold.
The parties' names were featured on a Nov. 6 list of transactions granted an "early termination" of their antitrust reviews, meaning that the reviews were completed before the close of the 30-day term required under antitrust law.