|
|
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.
###
Investor Contact:
William J. Moss
Vice President, Treasurer
(201) 571-4019
Press contact:
Richard P. De Santa
Senior Director, Communications
(201) 571-4495
|
BACK
|
Founded:
1859 by George Huntington Hartford and George Gilman
Headquarters:
Montvale, NJ
Stock Symbol:
NYSE: "GAP"
Number of Stores:
429
Retail Banners:
A&P, Waldbaum's, The Food Emporium, Super Fresh, Pathmark and Food Basics
Annual Sales Volume:
$8.8 billion of Total Sales for fiscal year 2009 ended February 27, 2010
Scope of Operations:
8 U.S. states (Connecticut, Massachusetts, New York, New Jersey, Pennsylvania, Delaware, Maryland),Virginia, and the District of Columbia
Own Brands:
America's Choice, America's Choice Healthy Kids, Hartford Reserve, Live Better Wellness, America's Choice Gold, Smart Price, Greenway, Via Roma
Number of Employees:
Approximately 48,000
President & CEO:
Sam Martin
Executive Chairman:
Christian W.E. Haub
|
