Deals
A&P Wins Approval of Store Sales for Total of $370 Million
- Acme, Stop & Shop to acquire 95 of grocery chain's locations
- Lawyer says buyers expected to reach agreements with union
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The operator of the A&P supermarket chain won bankruptcy court approval to sell 95 of its stores for $370 million.
Acme Markets Inc. is buying 71 stores from Great Atlantic & Pacific Tea Co. for $246 million, while Stop & Shop Supermarket Co. is taking on 24 locations for $124 million.