A&P Plans to Emerge from Bankruptcy

Great Atlantic & Pacific Tea Co., once the Unites States’ largest supermarket owner, has lined up $490 million in financing for its plans to emerge from bankruptcy as a private company, Reuters reported Friday. The debt and equity financing will come from Yucaipa Cos, an investment vehicle of billionaire Ron Burkle; Goldman Sachs Asset Management; and Mount Kellett Capital Management.

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