A&P Denies Merger Comment

A&P has denied reports that it may be merged into a larger company over the long run. The reports came from a comment by a partner in Germany's Tengelmann Group which owns a 41% stake in the ailing U.S. supermarket icon.
In a statement The Great Atlantic & Pacific Tea Co., Inc. said comments were taken "out of context" stating further that its "managers are focused on achieving an effective turnaround."