Cahill Represents Great Atlantic & Pacific Tea Co. in $1.3 Billion Acquisition of Pathmark Stores, Inc.
The Great Atlantic & Pacific Tea Company, Inc. (A&P) (NYSE:GAP) and Pathmark Stores, Inc. (Nasdaq:PTMK) announced today that they have reached a definitive merger agreement in which A&P will acquire Pathmark Stores, Inc. for $1.3 billion in cash, stock and debt assumption or retirement.
Cahill is representing Great Atlantic & Pacific Tea Co. in the $1.3 Billion acquisition of Pathmark Stores, Inc. The transaction is expected to be completed during the second half of A&P's fiscal 2007 year. The resulting company will be a 550-store chain operating in New York, New Jersey, and Philadelphia metro areas, as well as in Michigan and Louisiana.