Stockholders meetings planned to obtain approvals for A&P, Pathmark merger

By Devika Patel

Knoxville, Tenn., Oct. 9 - Pathmark Stores, Inc. and the Great Atlantic & Pacific Tea Co., Inc. are holding special stockholders meetings in order to obtain the approvals they need to complete the companies' merger.

A&P stockholders will meet Nov. 8 at 9 a.m., ET, at the Woodcliff Lake Hilton in Woodcliff Lake, N.J.

Pathmark stockholders will meet at 10 a.m., ET, on Nov. 8 at company headquarters in Carteret, N.J.

As previously reported, on March 5, A&P agreed to acquire Pathmark for $1.3 billion in cash, stock and debt assumption or retirement. Pathmark shareholders will receive $9 in cash and 0.12963 of a share of A&P stock for each Pathmark share.

The transaction, which includes a one-year termination fee of $50 million, will result in a 550-store, $11 billion supermarket chain, an earlier news release stated.

Pathmark is a supermarket company with 141 stores.

A&P is based in Montvale, N.J., and operates 410 supermarkets in nine states and the District of Columbia.

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