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The Great Atlantic & Pacific Tea Company, Inc. Announces Results for its Fourth Quarter and Fiscal Year Ended February 23, 2008
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Company Reports 3.0% Increase in Comparable Store Sales and Improved Operating Results
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Pathmark Integration and Synergy Realization on Track
MONTVALE, NJ - May 6, 2008 - The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol: GAP) announced improved fiscal 2007 fourth quarter and full year results for the 12 and 52 weeks ended February 23, 2008, which include for the first time the results of Pathmark Stores Inc.
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A&P Executive to Speak at Lehman Brothers' Conference
Montvale, NJ - April 16, 2008 - The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol:GAP) today announced that on Wednesday, April 30, 2008 at 11:45 a.m. (ET) Christian Haub, Executive Chairman of the Board, will make a presentation at the Lehman Brothers 11th Annual Retail and Restaurant Conference.
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From Sea-to-Supermarket
A&P Shoppers to Enjoy "Daily" Seafood Delicacies from Around the World
A&P Announces Partnership with World Wide Seafood; Becomes First Supermarket Chain in the Northeast to Partner Exclusively with an Operator from Fulton Fish Market.
MONTVALE, NJ - March 13, 2008 - Fresh seasonal seafood delicacies, such as Alaskan Salmon, Red Snapper and Soft Shell Crab, traditionally offered only at specialty fish markets, are now available "daily" in your neighborhood supermarket.
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The Great Atlantic & Pacific Tea Co., Inc. and C&S Wholesale Grocers, Inc. Sign an Industry-Leading Agreement
MONTVALE, NJ - March 10, 2008 - The Great Atlantic & Pacific Tea Co., Inc. and C&S Wholesale Grocers, Inc., today announced the signing of a new ten-year agreement to combine their previously separate A&P and Pathmark supply agreements into one industry-leading partnership.
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A&P Executive to Speak at CIBC, Bear Stearns & Bank of America Conferences
Montvale, NJ - March 3, 2008 - The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol:GAP) today announced that on Wednesday, March 5, 2008 at 9 a.m. Christian Haub, Executive Chairman of the Board, will make a presentation at the CIBC World Markets 11th Annual Retail Conference.
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The Great Atlantic & Pacific Tea Company, Inc. Announces Results For Its Third Quarter Ended December 1, 2007
Company Reports 3.1% Increase in Comparable Store Sales
Operating Results Continue to Improve
MONTVALE, NJ - January 8, 2008 - The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol: GAP) announced fiscal 2007 third quarter and year to date results for the 12 and 40 weeks ended December 1, 2007.
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The Great Atlantic & Pacific Tea Co., Inc. Consummates Issuance of $165 Million 5.125% Convertible Senior Notes Due 2011, $255 Million 6.75% Convertible Senior Notes Due 2012, Share Lending Agreements and Convertible Note Hedge and Warrant Transactions
Montvale, NJ - December 19, 2007 - The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE: GAP) announces the consummation of its public offering yesterday of $165 million aggregate principal amount of convertible senior notes due 2011 and $255 million aggregate principal amount of convertible senior notes due 2012 (together, the "notes").
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The Great Atlantic & Pacific Tea Co., Inc. Prices $150 Million 5.125% Convertible Senior Notes Due 2011 and $230 Million 6.75% Convertible Senior Notes Due 2012, Enters Into Share Lending Agreements and Convertible Note Hedge and Warrant Transactions
Montvale, NJ - December 13, 2007 - The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE: GAP) today announced the pricing of its previously announced public offering of $150 million aggregate principal amount of convertible senior notes due 2011 and $230 million aggregate principal amount of convertible senior notes due 2012 (together, the "notes").
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The Great Atlantic & Pacific Tea Company, Inc. Announces Proposed Offering of $380 Million Convertible Senior Notes, Proposed Entry Into Share Lending Agreements, and Proposed Entry Into Convertible Note Hedge and Warrant Transactions
MONTVALE, NJ - December 10, 2007 - The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE: GAP) today announced the proposed public offering by the Company of $380 million aggregate principal amount of senior convertible notes, including $150 million aggregate principal amount of senior convertible notes due 2011 and $230 million aggregate principal amount of senior convertible notes due 2012 (together, the "notes").
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A&P, Pathmark Complete Merger
MONTVALE, NJ - (December 3, 2007) - The Great Atlantic & Pacific Tea Company, Inc. (A&P)(NYSE:GAP) today announced the completion of its acquisition of Pathmark Stores, Inc. (Carteret, N.J.), for $1.4 billion in cash, stock and assumed or retired debt. In the transaction, Pathmark shareholders received $9.00 in cash and 0.12963 shares of A&P stock for each Pathmark share.
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Federal Trade Commission Accepts Consent Agreement; Clears Way for A&P to Complete Pathmark Acquisition
MONTVALE, NJ - November 27, 2007 - The Great Atlantic & Pacific Tea Company, Inc. (A&P)(NYSE:GAP) announced today that the Federal Trade Commission (FTC) has accepted a proposed consent agreement relating to A&P's acquisition of Pathmark Stores Inc. (Carteret, NJ). In addition, the Hart-Scott-Rodino Act waiting period has expired, thereby permitting the parties to close the transaction. A&P expects to complete the acquisition, which includes 140 Pathmark stores in New York, New Jersey, Pennsylvania and Delaware, on or about December 3, 2007.
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The Great Atlantic & Pacific Tea Company, Inc. Announces Successful Sale of Metro Stake
MONTVALE, N.J. (November 26, 2007) -- The Great Atlantic & Pacific Tea Company, Inc., Montvale, N.J. (A&P) (NYSE:GAP) said today that in connection with financing of the acquisition of Pathmark Stores, Inc., it has sold all of its 11,726,645 shares of Metro Inc. (Montreal, Canada), of which, 1,500,000 shares will be acquired by Metro Inc. Gross proceeds from the sale of the shares will approximate US $347 million.
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A&P and Pathmark file 14-day notice period with the FTC
Transaction is now expected to close in early December
MONTVALE, NJ - November 19, 2007 - The Great Atlantic & Pacific Tea Company Inc. (A&P)(NYSE:GAP) announced today it has provided the required two week notice of its intention to consummate the acquisition of Pathmark Stores Inc. to the Federal Trade Commission (FTC), effective November 13, 2007. The notice stated that A&P may consummate its acquisition of Pathmark any time after November 27, 2007. The Company now expects the transaction to close in early December.
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A&P Announces Purchase of 'Best Cellars'
Unique retail approach to guide reinvention of A&P beer, wine and spirits business, enhance food-wine connection aligned with Company's Fresh Food emphasis.
Company founder Joshua Wesson joins A&P Management
MONTVALE, NJ - (November 15, 2007) - The Great Atlantic & Pacific Tea Company, Inc. (A&P)(NYSE:GAP) today announced the acquisition of Best Cellars, a New York City-based retailer renowned for merchandising "Great Wines for Everyday" by flavor rather than by origin, and at reasonable prices. A&P said co-founder Joshua Wesson, who created and operated the Best Cellars concept in five retail locations, will join the A&P management team as Senior Director of Beer, Wine & Spirits.
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A&P Announces Stockholder Approval to Issue A&P Stock Pursuant to Merger
MONTVALE, NJ - November 8, 2007 - The Great Atlantic and Pacific Tea Company (A&P, NYSE Symbol: GAP) announced today that at its special meeting of stockholders, the company's stockholders approved the issuance of shares of A&P stock in connection with the merger of Pathmark Stores, Inc. (Pathmark, NASDAQ Symbol: PTMK) into a wholly-owned subsidiary of A&P.
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A&P Announces Merger Financing Update; Closing Expected in December
MONTVALE, NJ - November 5, 2007 - The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol: GAP) announced today an update regarding the expected sources of financing for its previously announced acquisition of Pathmark Stores, Inc.
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The Great Atlantic & Pacific Tea Company, Inc. Announces Results for its Second Quarter Ended September 8, 2007
Company Reports 3.2% Increase in Comparable Store Sales
Operating Results Continue to Improve in its Core NorthEast Operations
MONTVALE, NJ - October 17, 2007 - The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol: GAP) announced fiscal 2007 second quarter and year to date results for the 12 and 28 weeks ended September 8, 2007.
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A&P Takes Fresh Evolution to Next Level; New Store Merges Traditional Virtues, Dramatic Departures
Innovative format debuts in Park Ridge, NJ; offers unique atmosphere, premium quality fresh food 'shops within the store,' top values on full grocery range, and full service Pharmacy and Health Care Center.
PARK RIDGE, NJ - September 27, 2007 - A grocery and fresh food shopping experience like no other awaits area consumers, as The Great Atlantic & Pacific Tea Company, Inc. (A&P) opened its dramatically redesigned Fresh concept prototype here today.
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A&P, Pathmark Enter into Extension of Timing Agreement with the FTC
MONTVALE, N.J. - (September 20, 2007) - The Great Atlantic & Pacific Tea Company, Inc. (A&P) (NYSE:GAP) announced today that, based upon the progress in its discussions with the Federal Trade Commission ("FTC"), A&P and Pathmark Stores Inc. (Pathmark)(NASDAQ:PTMK) have entered into an agreement with the FTC pursuant to which they agree to provide the FTC notice of their intention to consummate A&P's acquisition of Pathmark at least two weeks prior to closing such transaction. A&P and Pathmark further agreed to give such notice to the FTC no sooner than October 5, 2007.
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A&P Reaches Agreement for Sale of Sav-A-Center Stores
19 Sav-A-Center stores being acquired by Rouse's, others by independent operators.
Substantially all New Orleans Sav-A-Center workers to be offered positions by new owners.
MONTVALE, NJ - (September 15) - The Great Atlantic & Pacific Tea Company, Inc. (A&P)(NYSE:GAP) today announced agreements for the sale of 19 New Orleans-area Sav-A-Center stores to Rouse's Supermarket (Thibadoux, Louisiana). In addition, two other Sav-A-Center units are being sold to other buyers including an independent food retailer. William Blair & Company, LLC served as the exclusive financial advisor for A&P on the transaction.
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A&P Signs Agreement to Operate Starbucks Locations
Starbucks stores are coming to select A&P stores.
Shoppers provided an opportunity to savor the Starbucks Experience, openings scheduled to begin November 2007.
MONTVALE, N.J. (August 30, 2007) - The Great Atlantic & Pacific Tea Company, Inc. (A&P) (NYSE:GAP) signed a licensing agreement to operate Starbucks stores in select A&P locations in the Northeast.
A&P said that under this agreement Starbucks stores will be established in select A&P Fresh and Gourmet/Fine Foods stores under the A&P banner in the Northeast. Initial locations are scheduled to open in New Jersey this November.
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A&P, Pathmark Enter into Extension of Timing Agreement with the FTC
MONTVALE, N.J. (August 8, 2007) - The Great Atlantic & Pacific Tea Company, Inc. (A&P) (NYSE:GAP) announced that on August 7, 2007, A&P and Pathmark Stores Inc. (Pathmark) (NASDAQ:PTMK) entered into an agreement with the Federal Trade Commission ("FTC") providing that, subject to certain conditions, A&P and Pathmark will not consummate A&P's acquisition of Pathmark prior to 11:59 p.m. on September 25, 2007.
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The Great Atlantic & Pacific Tea Company, Inc. Announces Results for its First Quarter Ended June 16, 2007
Strategic Transformation Continues with Pathmark Acquisition on Track and Non-Core Divestitures Progressing
Operating Results Continue to Improve in its Core Northeast Operations
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A&P, Pathmark Submit Certification of Substantial Compliance With Second Request
MONTVALE, N.J. (July 16, 2007) - The Great Atlantic & Pacific Tea Company, Inc. (A&P) (NYSE:GAP) announced that on July 13, 2007, both A&P and Pathmark Stores, Inc.(Pathmark) (NASDAQ:PTMK) submitted certifications of substantial compliance with the Federal Trade Commission
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A&P in Negotiations for Sale Of Sav-A-Center Operations
MONTVALE, NJ - (May 30) - The Great Atlantic & Pacific Tea Company, Inc. (A&P)(NYSE:GAP) today announced that it is in advanced negotiations with a number of buyers for its 21 Sav-A-Center stores based in Louisiana.
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Palmer Joins A&P from Safeway; Will Head Own Brands Development
MONTVALE, NJ - May 18 - The Great Atlantic & Pacific Tea Company Inc. (A&P)(NYSE:GAP) today announced that Douglas Palmer has joined the Company as Vice President of Own Brands. He will report directly to Rebecca Philbert, Senior Vice President of Merchandising and Supply & Logistics.
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Guldin Elected to A&P Board of Directors, Appointed to New Senior Strategy Post
MONTVALE, NJ - May 1 - The Great Atlantic & Pacific Tea Company Inc. (A&P)(NYSE:GAP) today announced that Andreas Guldin has been elected to the Company's Board of Directors, and also to the new position within the Company of Executive Managing Director, Strategy and Corporate Development.
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The Great Atlantic & Pacific Tea Company, Inc. Announces Net Income of $27 Million for it's Fiscal Year Ended February 24, 2007
Operating Income Continues to Improve in it's Core Northeast Operations
MONTVALE, NJ - April 25, 2007 - The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol: GAP) announced fiscal 2006 fourth quarter and full year results for the 12 and 52 weeks ended February 24, 2007.
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A&P Negotiating Sale of Midwest Operations
Company says bid process is advancing with several buyers
MONTVALE, NJ - April 24 - The Great Atlantic & Pacific Tea Company, Inc. (A&P)(NYSE:GAP) announced today that it is in negotiations for the potential sale of its operations in the Midwest. The Company cited unsatisfactory operating trends in that market, and the need to devote resources to its expanding Northeast core business, as the reasons for the action.
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A&P Banners Removing Dog and Cat Food Products Included in Manufacturer Recall
MONTVALE, NJ (March 18, 2007)--The Great Atlantic & Pacific Tea Company, Inc. (A&P) said today that it is removing certain dog and cat food products sold under the America's Choice, Mighty Dog and Iams labels from its stores. The products were supplied by Menu Foods (Emporia, Kansas)
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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.
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A&P Executive to Speak at CIBC Conference
MONTVALE, N.J. -- March 5, 2007 The Great Atlantic & Pacific Tea Company, Inc.
(A&P, NYSE Symbol:GAP) today announced that on Wednesday, March 7, 2007 at 9
a.m. Christian Haub, Executive Chairman of the Board, will make a presentation
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A&P and Pathmark Announce Merger Agreement: A&P to Acquire Pathmark for $1.3 Billion
MONTVALE, N.J./CARTERET, N.J. (March 5, 2007) -- The Great Atlantic & Pacific Tea Company, Inc., Montvale, N.J. (A&P) (NYSE:GAP), and Pathmark Stores, Inc., Carteret, N.J. (Nasdaq: PTMK) today announced that they have reached a definitive merger agreement in which A&P will acquire Pathmark Stores, Inc.
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For Immediate Release
MONTVALE, NJ February 27, 2007 The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol: GAP) today announced that it was engaged in negotiations for an acquisition of Pathmark Stores Inc. (Pathmark, Nasdaq Symbol: PTMK) at a possible price of $12.50 per Pathmark share to be paid in cash and A&P stock.
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For Immediate Release
MONTVALE, NJ February 16, 2007 The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol: GAP) today announced that it has completed its Earning and Profits Study and has determined that the special dividend of $7.25 per share, paid on April 25, 2006, should be treated as dividend income for income tax purposes.
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The Great Atlantic & Pacific Tea Company, Inc. Announces Net Income of $41 Million for Third Quarter Ended December 2, 2006
Operating Income Continues to Improve, Especially in Core Northeast Operations
MONTVALE, NJ January 9, 2007 The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol: GAP) announced unaudited fiscal 2006 third quarter and year to date results for the 12 and 40 weeks ended December 2, 2006.
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A&P Announces Rebecca Philbert Has Joined the Company as Senior VP of Merchandising
MONTVALE, NJ - December 11, 2006 - The Great Atlantic & Pacific Tea Company, Inc., today announced the appointment of Rebecca Philbert to the role of Senior Vice President, Merchandising. Reporting directly to Eric Claus, President & CEO, Ms. Philbert is a member of the company's senior Executive Management Team.
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A&P Joins Forces with The Children's Health Fund
Announcement is made at gala celebration attended by Paul Simon and Jane Pauley at the company's Food Emporium Bridgemarket location in NYC
MONTVALE, NJ (November 30, 2006)-The Great Atlantic & Pacific Tea Company, Inc. (A&P) has announced a partnership with The Children's Health Fund (The CHF), based in New York City, to conduct fundraising activities at A&P and affiliated stores.
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The Food Emporium Launches New "Fine Foods" Concept at BridgeMarket Store
NEW YORK, NY - (November 17, 2006) A new Fine Foods concept is being unveiled at The Food Emporium's landmark Bridgemarket store at First Avenue and 59th Street in Manhattan this week. Grand "reopening" festivities will take place on Friday, November 17th, beginning at 9 AM.
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Former Clemens Stores in Pennsylvania Reopening as SuperFresh units in mid-November
MONTVALE, NJ - November 2, 2006 - The Great Atlantic & Pacific Tea Company, Inc., operator of SuperFresh has completed the purchase of six Clemens Markets stores in Pennsylvania from C&S Wholesale Grocers, Inc. C&S previously acquired the stores from the Clemens family, which founded the business in 1939.
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The Great Atlantic & Pacific Tea Company, Inc. Announces Results for Second Quarter Ended September 9, 2006
Company Reports Second Quarter EBITDA, Adjusted for Non-Operating Items, of $35 Million, Up From $25 Million in Prior Year
MONTVALE, NJ - October 17, 2006 - The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol: GAP) announced unaudited fiscal 2006 second quarter and year to date results for the 12 and 28 weeks ended September 9, 2006.
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A&P Executive to Speak at Goldman Sachs Conference
MONTVALE, N.J. -- August 31, 2006 - The Great Atlantic & Pacific Tea Company, Inc. (A&P)(NYSE:GAP) today announced that on Thursday, September 7th, at 3:25 p.m. Christian Haub, Executive Chairman of the Board, will make a presentation at Goldman Sachs 13th Annual Global Retailing Conference.
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The Great Atlantic & Pacific Tea Company, Inc. Announces Results for First Quarter 2006
Company Reports First Quarter EBITDA, Adjusted for Non-Operating Items, of $58 Million, Up From $36 Million in Prior Year
MONTVALE, NJ - July 21, 2006 - The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol: GAP) announced unaudited fiscal 2006 first quarter results for the 16 weeks ended June 17, 2006.
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The Great Atlantic & Pacific Tea Company, Inc. Announces Results for the Fourth Quarter and Full Year Ended February 25, 2006
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Company Reports Fiscal 2005 EBITDA, Adjusted for Non-Operating Items, of $127 Million, Up From $113 Million in Prior Year
MONTVALE, NJ - May 9, 2006 - The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol: GAP) today announced its financial results for the fiscal 2005 fourth quarter and full year ended February 25, 2006.
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The Great Atlantic & Pacific Tea Company, Inc. Declares a $7.25 per Share Special Cash Dividend
MONTVALE, NJ - April 4, 2006 - The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol: GAP) today declared a special cash dividend of $7.25 per share payable on April 25, 2006 to shareholders of record as of April 17, 2006. The dividend payout will total approximately $300 million based on the current shares outstanding.
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A&P Executive to Speak at Bear Stearns Conference
MONTVALE, N.J. -- March 6, 2006 - The Great Atlantic & Pacific Tea Company, Inc. (A&P)(NYSE:GAP) today announced that on Thursday, March 9th, at 9 a.m. Christian Haub, Executive Chairman of the Board, will make a presentation at the Bear Stearns 12th Annual Retail, Restaurants & Consumer Conference.
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A&P Executive to Speak at CIBC Conference
MONTVALE, N.J. -- February 27, 2006 - The Great Atlantic & Pacific Tea Company, Inc. (A&P)(NYSE:GAP) today announced that on Wednesday, March 1st, Christian Haub, Executive Chairman of the Board, will make a presentation at the CIBC World Markets Ninth Annual Retail Conference.
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The Great Atlantic & Pacific Tea Company, Inc. Announces Results For Third Quarter Ended December 3, 2005
MONTVALE, NJ - January 6, 2006 - The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol: GAP) announced unaudited fiscal 2005 third quarter and year to date results for the 12 and 40 weeks ended December 3, 2005.
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A&P Appoints Jennifer MacLeod To Top Marketing, Communications Post
MONTVALE, NJ - December 2, 2005 - The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol: GAP) today announced the appointment of Jennifer MacLeod to the new position of Senior Vice President, Marketing & Communications.
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A&P Announces Financial Management Changes
MONTVALE, N.J. - November 4 - The Great Atlantic & Pacific Tea Company, Inc. announced the promotion of Brenda Galgano to Senior Vice President & Chief Financial Officer of the company, effective today.
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The Great Atlantic & Pacific Tea Company, Inc. Announces Results for Second Quarter Ended September 10, 2005
MONTVALE, NJ - October 18, 2005 - The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol: GAP) announced unaudited fiscal 2005 second quarter and year to date results for the 12 and 28 weeks ended September 10, 2005.
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A&P Announces Acceptance for Purchase of All 7 3/4% Notes Due 2007 and 9 1/8% Senior Notes Due 2011 Tendered in the Tender Offers
Montvale, New Jersey, September 8, 2005 -- The Great Atlantic & Pacific Tea Company, Inc. (NYSE:GAP) announced today that it has accepted for purchase all 7 3/4% Notes due 2007 (the "7 3/4% Notes") and 9 1/8% Senior Notes due 2011 (the "9 1/8% Notes" and, together with the 7 3/4% Notes, the "Notes") tendered pursuant to its tender offers to purchase any and all of the outstanding Notes.
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A&P Announces New Senior Management Team
MONTVALE, NJ - September 6, 2005 - The Great Atlantic & Pacific Tea Company, Inc. (A&P)(NYSE:GAP) today announced the following senior executive appointments, reporting to Eric Claus, President & Chief Executive Officer.
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A Public Service Announcement
Montvale, NJ (September 1, 2005) - The management of the Sav-A-Center supermarket chain based in New Orleans has established a toll-free assistance hotline for all of its employees affected by Hurricane Katrina.
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A&P Announces Receipt of Requisite Consents, Pricing of Tender Offers for Its 7 3/4% Notes Due 2007 and 9 1/8% Senior Notes Due 2011 and Extension of Eligibility to Receive the Consent Payment
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The Great Atlantic & Pacific Tea Company, Inc. Completes the Sale of A&P Canada
MONTVALE, NJ - August 15, 2005 - The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol: GAP) today announced that its subsidiary, A&P Luxembourg S.a.r.l., has completed the previously announced sale of A&P Canada to METRO INC.
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A&P TENDERS FOR ANY AND ALL OF ITS OUTSTANDING
7 3/4% NOTES DUE 2007 AND 9 1/8% SENIOR NOTES DUE 2011
Montvale, New Jersey, August 10, 2005 -- The Great Atlantic & Pacific Tea Company, Inc. (NYSE:GAP) today commenced tender offers for any and all of its outstanding 7 3/4% Notes due 2007 (the "7 3/4% Notes") and 9 1/8% Senior Notes due 2011 (the "9 1/8% Notes").
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The Great Atlantic & Pacific Tea Company, Inc. Announces Results for First Quarter 2005
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Company Reports EBITDA, Adjusted for Non-Operating Items, of $101 Million, Up from $81 Million in Prior Year
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A&P Names New Executive Management Following Sale of Canadian Business
MONTVALE, N.J. July 20 The Great Atlantic & Pacific Tea Company, Inc. (NYSE:GAP) today announced changes in senior executive management responsibility for its ongoing business in the U.S.
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A&P REACHES AGREEMENT UNLOCKING THE VALUE OF ITS CANADIAN OPERATIONS
EXPECTS TO REALIZE PROCEEDS OF $1.475 BILLION INCLUDING SIGNIFICANT EQUITY STAKE
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GAINS OWNERSHIP INTEREST IN METRO INC., LEADING GROCERY RETAILER IN CANADA
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A&P To Transfer U.S. Distribution To C&S Wholesale Grocers
Company Projects $40 Million Annualized Cost Savings
MONTVALE, NJ - The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE:GAP) has entered into an agreement to transfer its U.S. distribution operations and some warehouse facilities and related assets to C&S Wholesale Grocers.
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Farmer Jack Management Supports A&P's Strategic Restructuring Plans
DETROIT, MI - May 10, 2005-The local management of Farmer Jack, the Detroit-based food retailer, today expressed its support for the plans announced earlier today by its parent company, The Great Atlantic & Pacific Tea Company, Inc. ("A&P") to divest Farmer Jack and its other Midwest retail operations as part of a major strategic restructuring of its business.
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The Great Atlantic & Pacific Tea Company, Inc. Announces Financial Results for 2004 Fourth Quarter and Full Year, Plans for Major Strategic Restructuring
MONTVALE, NJ May 10, 2005 The Great Atlantic & Pacific Tea Company, Inc.
(A&P or the Company) (NYSE: GAP) today announced its financial results for the
fiscal 2004 fourth-quarter and full year ended February 26, 2005. The Company also
announced plans for a major strategic restructuring including the contemplated sale of
A&P Canada, the divestiture of its Midwest operations, and a strategic, operational and
financial repositioning of the Company around its core operations in the broad corridor
from Connecticut to Washington, D.C.
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The Great Atlantic & Pacific Tea Company, inc. Has Completed Its Review Of Lease Accounting
MONTVALE, NJ - May 6, 2005 - The Great Atlantic & Pacific Tea Company, Inc.("A&P" or the "Company") (NYSE: GAP) today announced that in connection with its preparation of its consolidated financial statements for the year ended February 26, 2005, it completed a review of its historical lease accounting to determine whether its accounting for leases was in accordance with generally accepted accounting principles ("GAAP").
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A&P Executives to Speak at Goldman Sachs Conference
MONTVALE, N.J. -- April 14, 2005 - The Great Atlantic & Pacific Tea Company, Inc. (A&P)(NYSE:GAP) today announced that on Wednesday, April 20, Mitchell P. Goldstein, Executive Vice President & Chief Financial Officer and William J. Moss, Vice President, Treasurer, will participate at the Goldman Sachs Fifth Annual Small-Cap Retail Conference.
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A&P Executives to Speak at Lehman Conference
MONTVALE, N.J. -- March 10, 2005 The Great Atlantic & Pacific Tea
Company, Inc. (A&P)(NYSE:GAP) today announced that on Thursday, March 17,
Mitchell P. Goldstein, Executive Vice President & Chief Financial Officer and
William J. Moss, Vice President, Treasurer, will make a presentation at the
Lehman Brothers 2005 High Yield Bond and Syndicated Loan Conference.
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The Great Atlantic & Pacific Tea Company, Inc. Announces Results For Third Quarter Ended December 4, 2004
MONTVALE, NJ January 7, 2005 The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol: GAP) announced unaudited fiscal 2004 third quarter and year to date results for the 12 and 40 weeks ended December 4, 2004.
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A&P Reorganization Targets Significant Cost Reductions and Improved Execution
MONTVALE, NJ - December 9, 2004 - The Great Atlantic & Pacific Tea Company, Inc. (A&P) today announced the next step of its reorganization, which began with the unification of its corporate and U.S. leadership and operating structure announced on November 4.
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A&P Announces Organization Structure, Executive Promotions
MONTVALE, NJ - (November 4, 2004) - The Great Atlantic & Pacific Tea Company, Inc. (A&P)(NYSE:GAP) today announced a new organization that will combine corporate and U.S. operating management in a unified structure.
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The Great Atlantic & Pacific Tea Company, inc. Announces Results for Second Quarter Ended September 11, 2004
MONTVALE, NJ October 19, 2004 The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol: GAP) announced unaudited fiscal 2004 second quarter and year to date results for the 12 and 28 weeks ended September 11, 2004.
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A&P Announces Settlement With Canadian Franchisees
MONTVALE, NJ - (October 1, 2004)-The Great Atlantic & Pacific Tea Company, Inc. today announced the settlement of a class action by 29 operating and former franchisees of its Food Basics discount grocery operations in Ontario, Canada.
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The Great Atlantic & Pacific Tea Company, inc. Announces Results for First Quarter 2004
Company reports positive comparable store sales of 1.0% in the first quarter, adopts new accounting pronouncements FIN 46-R and EITF 03-10
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A&P Executives to Speak at Goldman Sachs Conference
MONTVALE, N.J. -- June 8, 2004 The Great Atlantic & Pacific Tea Company, Inc. (A&P)(NYSE:GAP) today announced that on Thursday, June 10, Mitchell P. Goldstein, Senior Vice President & Chief Financial Officer and William J. Moss, Vice President & Treasurer will be speaking at the Goldman Sachs Fourth Annual Small Cap Retail Conference.
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Food Basics brings everyday low prices to Toledo
PATERSON, NJ (May 13, 2004) - On Saturday May 15, The Great Atlantic & Pacific Tea Company (A&P, NYSE: GAP) will open 3 everyday-low-price Food Basics grocery stores in Toledo, Ohio.
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A&P Extends 10-K Filing Date
MONTVALE, NJ May 13, 2004 The Great Atlantic & Pacific Tea Company, Inc. (A&P) (NYSE:GAP) today announced that it will file a Form 12b-25 with the Securities and Exchange Commission to obtain an automatic 15 day extension of the period in which to file its Form 10-K for the 53 weeks ended February 28, 2004.
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The Great Atlantic & Pacific Tea Company, inc. Announces Results for 2003 Fourth Quarter and Full Year
Company reports positive comparable store sales of 1.5% in the fourth quarter
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A&P Board Elects New Director
MONTVALE, NJ - April 29, 2004 - The Great Atlantic & Pacific Tea Company, Inc. (A&P)(NYSE:GAP) today announced that Jens-Jόrgen Bφckel has been elected to the Company's Board of Directors.
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Sav-A-Center Food Market adding 4 New Orleans area locations
Agreement signed to purchase 4 stores from Albertsons
PATERSON, NJ (April 16, 2004) - Starting this summer, New Orleans area food shoppers who enjoy a wide selection of fresh products and exceptional service will have 4 new Sav-A-Center Food Markets to meet their needs.
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Food Basics' everyday low prices come to Metro Detroit
Ten store grand opening on Tuesday, March 30
PATERSON, NJ (March 26, 2004) - On Tuesday March 30, The Great Atlantic & Pacific Tea Company (A&P, NYSE: GAP) will open 10 every-day-low-price Food Basics grocery stores throughout Metro Detroit giving away a $70 store gift certificate every hour at all 10 locations starting at 8:00 a.m. when the stores open to the public.
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A&P Executive to Speak at Lehman Conference
MONTVALE, N.J. -- March 19, 2004 The Great Atlantic & Pacific Tea Company, Inc. (A&P)(NYSE:GAP) today announced that on Tuesday, March 23, Mitchell P. Goldstein, Senior Vice President & Chief Financial Officer, will make a presentation at the Lehman Brothers 2004 High Yield Bond and Syndicated Loan Conference.
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A&P Completes $170 Million Sale/Leaseback Transaction
MONTVALE, NJ February 27, 2004 The Great Atlantic & Pacific Tea Company, Inc. (A&P)(NYSE:GAP) today announced the completion of a real estate sale/leaseback transaction with Cardinal Capital Partners, Inc. (Dallas, Texas).
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The Great Atlantic & Pacific Tea Company, Inc. Announces Results for Third Quarter Ended November 29, 2003.
MONTVALE, NJ January 9, 2004 The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol:GAP) announced unaudited fiscal 2003 third quarter and year to date results for the 12 and 40 weeks ended November 29, 2003.
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A&P Completes Sale of Coffee Business
MONTVALE, NJ November 21, 2003 The Great Atlantic & Pacific Tea Company, Inc. (A&P) said today that it has completed the previously announced sale of its Eight OClock Coffee division to Gryphon Investors, a San Francisco based private equity firm, for cash and a note.
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The Great Atlantic & Pacific Tea Company, Inc. Announces Results for Second Quarter Ended September 6,2003
Company reports positive comparable store sales of 1.1% in the second quarter
MONTVALE, NJ - October 17, 2003 - The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol:GAP) announced unaudited fiscal 2003 second quarter and year to date results for the 12 and 28 weeks ended September 6, 2003.
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The Great Atlantic & Pacific Tea Company, Inc. Announces Results for First Quarter 2003
MONTVALE, NJ July 25, 2003 The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol:GAP) announced unaudited fiscal 2003 first quarter results for the 16 weeks ended June 14, 2003.
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A&P Completes Sale of Stores In Northern New England and Madison, Wisconsin
MONTVALE, N.J. - April 30 The Great Atlantic & Pacific Tea Company, Inc. (A&P)(NYSE:GAP) today completed two separate and previously announced transactions for the sale of eight A&P stores in northern New England to GU Family Markets LLC (Clifton Park, N.Y.), and seven Kohl's Supermarkets in Madison, Wisconsin to The Copps Corporation, a subsidiary of Roundy's, Inc. (Pewaukee, Wisconsin).
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Founded:
1859 by George Huntington Hartford and George Gilman
Headquarters:
Montvale, NJ
Stock Symbol:
NYSE: "GAP"
Number of Stores:
456
Retail Banners:
A&P, Waldbaum's, A&P Super Foodmart, The Food Emporium, Super Fresh, Pathmark and Food Basics
Annualized Sales Volume:
$9.4 billion of Total Sales for fiscal year 2006 ended February 24, 2007
Scope of Operations:
6 U.S. states (Connecticut, New York, New Jersey, Pennsylvania, Delaware, Maryland), and the District of Columbia
Own Brands:
America's Choice, Master Choice, Health Pride, Savings Plus, Pathmark
Number of Employees:
Approximately 62,030
Executive Chairman:
Christian W.E. Haub
President & Chief Executive Officer:
Eric Claus
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