Pathmark-A&P merger doesn't resonate with experts
Pathmark-A&P merger doesn't resonate with experts
A stock dividend payment has financial experts predicting a merger between The Great Atlantic & Pacific Tea Co. Inc. in Montvale, NJ, and Pathmark Stores Inc. in Carteret, NJ. But retail produce industry experts don't see the possible marriage as a good fit. A spokesman for Pathmark told The Produce News, "There is nothing I can or will say about that. We don't comment on rumors." Efforts to reach a spokesman for A&P were unsuccessful. But denials aside, the financial community was abuzz with an A&P announcement that it would issue a special dividend of $7.25 per share to its stockholders