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Tops Friendly Markets announced yesterday that it has entered into an agreement to sell six recently-acquired Penn Traffic stores to Price Chopper Supermarkets of Schenectady, N.Y. These stores were part of the January 29, 2010 bankruptcy court-approved acquisition of a majority of Penn Traffic’s assets.

“As part of our initial evaluation of all Penn Traffic locations, it was determined these stores were on the outer edge of our geographic footprint and would best be served by another retailer with more familiarity with those markets,” said Frank Curci, Tops’ president and CEO.

Five of the six stores are located in northern New York State. They include Canton, Gouverneur, Massena, Potsdam, and West Carthage. There is one store located in Lincoln, N.H.

The transaction is expected to be complete in approximately 30 days. Terms of the sale were not disclosed.
KC's View:
Hopefully everybody is happy and customers will be well served by both food chains.