A&P granted shorter-than-requested exclusivity extension

By Jennifer Lanning Drey

Savannah, Ga., March 10 - Great Atlantic & Pacific Tea Co., Inc. (A&P) received an extension to its exclusive periods to file a plan of reorganization and to solicit votes on the plan, according to a Thursday filing with the U.S. Bankruptcy Court for the Southern District of New York.

The exclusive plan-filing period was extended to Aug. 31 from April 12 and the solicitation period was extended to Oct. 31 from June 11.

The company had asked the court to extend the exclusive plan-filing period to Dec. 31, 2011 and the solicitation period to Feb. 29, 2012.

When requesting the extension, A&P said it still needs substantial time to deal with its legacy liability issues, supply and logistics and rationalization of the store portfolio.

Great Atlantic & Pacific Tea, a Montvale, N.J.-based operator of supermarkets, filed for bankruptcy on Dec. 12. Its Chapter 11 case number is 10-25459.

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