A&P Announces Acceptance for Purchase of All 7.70% Senior Notes Due 2004 Tendered in Tender Offer.Business Editors MONTVALE, N.J.--(BUSINESS WIRE)--Dec. 20, 2001 The Great Atlantic & Pacific Tea Company, Inc. (NYSE NYSE See: New York Stock Exchange :GAP) today announced that it has accepted for purchase all 7.70% Senior Notes due 2004 tendered pursuant to its tender offer to purchase any and all of the outstanding notes. The tender offer, which was announced on November 19, 2001, expired at 5:00 p.m., New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on December 19, 2001. As of the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. of the tender offer, $177.7 million (88.9%) in principal amount of the outstanding notes had been tendered. The purchase price for each $1,000 principal amount of tendered notes is $1,062.50 plus accrued and unpaid interest on such principal amount to the payment date. Payment for tendered notes will be made today by A&P by depositing the purchase price for all tendered notes in cash with the Depositary, which will act as agent for the tendering holders for the purpose of receiving the purchase price and transmitting payment to the tendering holders. Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. Inc. is acting as the sole Dealer Manager and Solicitation Agent for the tender offer and the consent solicitation Consent Solicitation A solicitation by one party to the stakeholders of a particular security for the consent of a material change. Notes: Should the majority of stakeholders provide valid consent prior to the consent expiry date, the issuer may then follow through with . The Information Agent is D.F. King & Co., Inc. and the Depositary is JPMorgan Chase JPMorgan Chase (NYSE: JPM TYO: 8634 ) is one of the oldest financial services firms in the world. The company, headquartered in New York City, is one of the leaders in investment banking, financial services, asset and wealth management and private equity. With assets of $1. Bank. This press release is neither an offer to purchase nor a solicitation of an offer to sell securities. The tender offer and the related consent solicitation are being made only by reference to the Offer to Purchase and Consent Solicitation Statement dated November 19, 2001. Requests for documentation should be directed to D.F. King & Co., Inc. at (800) 769-4414. Questions regarding the tender offer and the consent solicitation should be directed to Scott Macklin at Lehman Brothers Inc. at (212) 455-3301 or collect at (212) 681-2265. |
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