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Bankrupt A&P Proposes Reorganization Based on Yucaipa Financing
Nov. 15 (Bloomberg) -- Great Atlantic & Pacific Tea Co., relying on financing from an investor group that includes Ron Burkle’s Yucaipa Cos, proposed a bankruptcy plan to exit court protection.
A&P, as the supermarket company is known, won court approval yesterday of the $490 million financing commitment and filed its proposal to pay creditors and complete its restructuring with the U.S. Bankruptcy Court in White Plains, New York.
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