Great Atlantic & Pacific Tea in talks to buy Pathmark Stores for $12.50 per share in cash, stock deal

By Lisa Kerner

Charlotte, N.C., Feb. 27 - The Great Atlantic & Pacific Tea Co. Inc. is in negotiations to acquire Pathmark Stores Inc., possibly for $12.50 per share in cash and Great Atlantic & Pacific Tea stock, according to a company news release.

Great Atlantic & Pacific Tea is a supermarket operator based in Montvale, N.J.

Pathmark is a supermarket chain based in Carteret, N.J. Its stock (Nasdaq: PMTK) closed at $12.05 on Feb. 26.

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