Content area
Full Text
PRICE CHOPPER TO BUY 6 P&C STORES
SCHENECTADY, N.Y. - Price Chopper here has agreed to acquire six P&C supermarkets from Tops Friendly Markets for $14 million, a Price Chopper spokeswoman told SN . The transaction is expected to close in 30 days, after which the stores will be converted to the Price Chopper banner. The stores include five in the upstate New York towns of Canton, Gouverneur, Massena, Potsdam and West Carthage and one in Lincoln, N.H. "As part of our initial evaluation of all Penn Traffic locations, it was determined these stores were on the outer edge of our geographic footprint and would best be served by another retailer," said Frank Curci, Tops' president and chief executive officer. During the bankruptcy of former P&C parent company Penn Traffic, Price Chopper had bid $54...