LITTLE ROCK, Ark., March 13, 2007 (PRIME NEWSWIRE) -- On March 5, 2007, Pathmark Stores, Inc. entered into a definitive agreement and plan of merger with The Great Atlantic & Pacific Tea Company, Inc. ("A&P") for $9.00 per share in cash and 0.12963 shares of A&P stock. Pathmark Stores, Inc. stock closed at $11.25 per share on the last trading day prior to the announcement of the merger.
If the proposed merger is finalized, Pathmark Stores, Inc. will no longer be a publicly traded company. While Pathmark Stores, Inc. and A&P have announced they expect to close the merger in the second half of A&P's 2007 fiscal year, shareholder approval is required before the acquisition can be completed.
If you are a current Pathmark, Inc. shareholder and would like to be advised of your rights in this matter, you may contact Cauley Bowman Carney & Williams, PLLC at the phone number below. You may also visit Cauley Bowman online at www.cauleybowman.com.
About Cauley Bowman
Cauley Bowman is a national law firm that represents investors and consumers in class action and corporate governance litigations. It is one of the country's premier firms in the area of securities fraud having recovered billions of dollars for defrauded investors and secured significant corporate governance reforms. Cauley Bowman maintains in-house finance and forensic accounting specialists and extensive trial experience.