FTC Approves $1.3B Supermarket Merger

Law360, New York (November 28, 2007, 12:00 AM EST) -- The U.S. Federal Trade Commission agreed Tuesday to allow the Great Atlantic & Pacific Tea Co. to acquire Pathmark Stores Inc. for $1.3 billion but forced the companies to sell six of their stores before clearing the deal.

The commission said the acquisition would have resulted in reduced competition in areas where the two companies both operate stores, specifically Staten Island, New York, and Shirley, Long Island.

It ordered the sale of five of A&P's Waldbaum's supermarkets and one Pathmark store in those two areas to...
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