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Stop & Shop acquires 25 A&P stores in N.Y. for $146M

Stop & Shop has acquired 25 A&P stores in New York from The Great Atlantic & Pacific Tea Co. in a deal worth $146 million. The Ahold USA division plans to convert the Pathmark, A&P and Waldbaums stores to its own banner under the agreement, which is expected to close by the end of 2015, pending regulatory review. Read the Drug Store News story here

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