A&P discloses payment deal with Pathmark

Carteret, N.J. and Montvale, N.J. In a SEC filing Thursday, Pathmark Stores disclosed the terms of its merger agreement with The Great Atlantic & Pacific Tea Company, stating that Pathmark’s stockholders would receive cash in lieu of fractional shares of A&P common stock that would otherwise be received as part of the merger consideration.

On March 4, Pathmark Stores, entered into an agreement with The Great Atlantic & Pacific Tea Company, in which A&P will acquire Pathmark Stores.