A&P, which operates chains under the names A&P, Waldbaum's, the Food Emporium and others, will retain the Pathmark name. The integration of the two companies is expected to take six months after the deal closes. "The addition of Pathmark fortifies our strength and marketing capability in the Northeast, where we are now focusing all resources and development," said Eric Claus, A&P president and CEO, in a statement. The company does not plan to close any stores as a result of the deal.

Executive chairman Christian Haub has said previously that all Pathmark stores will be kept open. "Their format is complimentary to ours, and we have different customers. If there are underperforming stores, we'll look to see how to improve them," he said. Most of the company's stores are now in the New York City area, as well as a significantly increased market share in greater Philadelphia and Baltimore.

Pathmark shareholders will receive $9 in cash and 0.12963 shares of A&P per share. Pathmark's shares closed on Friday at $12.85, while A&P's came in at $30.09. The integration costs of the deal are expected to come in at $115 million. The combined company is based in Montvale.