MONTVALE, N.J., Nov. 26 /CNW/ - 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.
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, and Food Basics. Additional information about A&P may be found at
its web site, www.aptea.com.
For further information:
For further information: Investor contact: William J. Moss, Vice
President, Treasurer, (201) 571-4019; Press contact: Richard De Santa, Senior
Director, Communications, (201) 571-4495