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A P Executes Asset Purchase Agreements To Sell Approximately 120 Stores for Approximately $600 Million

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MONTVALE, N.J.--(BUSINESS WIRE)--The Great Atlantic & Pacific Tea Company, Inc. (A&P) today announced that it has executed asset purchase agreements covering approximately 120 stores at a purchase price of approximately $600 million. A&P filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code with the U.S. Bankruptcy Court for the Southern District of New York (the “Court”). The Company currently operates 296 stores under the brand names A&P, Best Cellars, Food B

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