Pathmark shareholders approve A&P merger

CARTERET, N.J. Pathmark shareholders have approved the merger with Tengelmann-controlled A&P with a 73.9% vote in favor of the transaction.

The proposal to approve the merger required an approval of more than 50% of the outstanding shares of Pathmark common stock.

Under the terms of the merger, for each share of Pathmark, shareholders will be entitled to receive $9 in cash and 0.12963 shares of A&P common stock.

The merger is expected to close by the end of December.