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Published reports say that the management team that was interested in making a bid to acquire the 66-store Farmer Jack chain from the Great Atlantic & Pacific Tea Co. – which has been trying to sell the Midwest chain in order to focus on its core east coast business – has decided not to pursue a deal.

The reason: market conditions simply made an acquisition unpalatable.
KC's View:
It is tough to sell damaged goods. Of course, that creates issues for A&P as it tries to divest certain operations, because pretty much all it owns these days is damaged goods.