Rite Aid to Acquire A&P Pharmacy Assests in $8.1M Deal

Montvale, N.J.-based Great Atlantic & Pacific Tea Company (A&P) received approval from the bankruptcy court Monday to sell prescription records and inventory from 12 supermarket pharmacies to the Rite Aid drugstore chain for approximately $8.1 million. The 12 supermarket pharmacies included in the sale are at 25 stores that A&P earmarked for immediate closings when it filed for bankruptcy July 19.