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Article: Deals around the state

Article from:
NJBIZ
Article date:
July 27, 2009
Author:
Copyright

* Supermarket operator The Great Atlantic & Pacific Tea Co. Inc., in Montvale, said it executed investment agreements totaling $175 million with The Yucaipa Cos. LLC and Tengelmann Warenhandelsgesellschaft KG. Yucaipa will invest $115 million and Tengelmann will invest $60 million for convertible preferred stock. A&P said it will use the funds to strengthen its balance sheet and increase liquidity.

* Biopharmaceutical company Medarex Inc., in Princeton, said it signed an agreementtobe acquired by Bristol-Myers Squibb Co. for $16 ...

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