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Article: Pathmark Stores Inc.(Investor Ronald Burkle's plans for the struggling supermarket chain)(Brief Article)
- Article from:
- The Food Institute Report
- Article date:
- June 27, 2005
CopyrightCOPYRIGHT 2005 The Food Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Investor Ronald Burkle said he may seek potential strategic transactions for PATHMARK STORES INC. after his investment firm recently acquired a 49.99% stake in the struggling supermarket chain. Burkle said in a filing with the SEC that "there are ...
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... ... agreement to acquire Smitty's for a reported $239.5 million in stock and debt. As part of the merger with Smitty's, Ronald Burkle will become chief executive officer of Smith's. Burkle is managing partner of Smitty's parent, the private investment ...
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