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The Great Atlantic & Pacific Tea Company, Inc. Makes Announcement
MONTVALE, N.J. (March 13, 2007) -- The Great Atlantic & Pacific Tea Company, Inc., Montvale, N.J. (A&P) (NYSE:GAP) said today that in connection with its recently-announced agreement to acquire Pathmark Stores, Inc., it has sold 6,350,000 shares of its holdings in Metro, Inc. (Montreal, Canada) for proceeds of approximately $203.5 million. The Company continues to hold approximately 11.7 million Metro shares.
Founded in 1859, A&P is one of the nation's first supermarket chains. A&P operates 410 stores in nine states and the District of Columbia under the following trade names: A&P, Waldbaum's, The Food Emporium, Super Foodmart, Super Fresh, Farmer Jack, Sav-A-Center and Food Basics. Additional information about A&P may be found at its web site, www.aptea.com.
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Investor Contact:
William J. Moss
Vice President, Treasurer
(201) 571-4019
Press contact:
Richard P. De Santa
Senior Director, Communications
(201) 571-4495
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