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The Newark Star ledger reports that Pathmark Stores has hired an investment banking firm to solicit acquisition bids for the company, a move that comes as the 142-store company forecast lower quarterly earnings because of a slowing of sales and higher costs.

Among the companies expected to be interested in Pathmark are grocery chains Albertsons, Delhaize and Safeway, as well as private investment firms Kohlberg Kravis Roberts and Yucaipa.
KC's View:
We’re not sure that Pathmark’s troubles have to do with ownership, as opposed to the tough New York metropolitan area in which it operates. We certainly would be curious to see what Albertsons or Delhaize would do with Pathmark…though it will take a lot more than a change in ownership to get this ship moving in the right direction.