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A&P Prez Calls $1.3 Billion Pathmark Deal 'Marriage Made in Heaven'
MONTVALE, N.J. -- The Great Atlantic & Pacific Tea Co., Inc. confirmed at a press conference yesterday that it would indeed buy Pathmark Stores for $1.3 billion in cash, stock, and debt assumption or retirement, in a transaction expected to close during the second half of A&P's fiscal 2007 year.