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Article: Tops Markets divested by Ahold.(NEWS)
- Article from:
- Mass Market Retailers
- Article date:
- October 29, 2007
CopyrightCOPYRIGHT 2007 Racher Press, Inc. 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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BUFFALO, N.Y. -- The prospective new owner of Tops Markets LLC has said it would keep the Tops brand name in the local market and would create up to 100 new corporate jobs. Morgan Stanley Private Equity announced on October 11 that it would acquire the Tops Markets supermarket chain from Ahold NV for $310 million. Tops Markets is the largest supermarket chain in Buffalo and operates 71 stores upstate New York and in northwestern Pennsylvania. The transaction is expected to close by the end of 2007.
According to an article in Business First Max Henderson Jr., executive vice president and general manager, will leave the grocery chain after the deal is completed. He ...
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Article: Antitrust regulators approved Morgan Stanley ...
The Food Institute Report;
November 12, 2007 ;
668 words
...Antitrust regulators approved MORGAN STANLEY PRIVATE EQUITY'S $310 million purchase of the TOPS MARKETS chain from ROYAL AHOLD. The chain includes 71 stores under the TOPS MARKETS and MARTIN'S SUPER FOOD STORES names in western New York and ...
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