A&P Bankruptcy May Prompt Ahold Bid for Pathmark
Bankruptcy
Great Atlantic & Pacific Tea Co.’s filing for bankruptcy protection may prompt Dutch competitor Royal Ahold NV to bid for the U.S. retailer’s Pathmark stores to add to grocery operations in the country, analysts said.
A&P, which operates 400 supermarkets under the Waldbaum’s, Food Emporium and Pathmark brands, filed for Chapter 11 protection from creditors on Dec. 12. Amsterdam-based Ahold owns the Stop & Shop grocery chain and acquired a 25-outlet retailer in Richmond, Virginia, a year ago. The Dutch company had 2.4 billion euros ($3.2 billion) in cash at the end of September.
“For Stop & Shop, the good news is a further weakening of its largest competitor and the possibility to buy some pockets of stores,” John David Roeg, an Amsterdam-based analyst at ING Groep NV, said today in a report to clients.
“We don’t exclude Ahold to take over some stores from A&P’s portfolio,” Richard Withagen, an analyst at SNS Securities in Amsterdam, said in a note today.
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Grounds for Divorce in Ohio - Sylkatis Law, LLC
A divorce in Ohio is filed when there is typically “fault” by one of the parties and party not at “fault” seeks to end the marriage. A court in Ohio may grant a divorce for the following reasons:
• Willful absence of the adverse party for one year
• Adultery
• Extreme cruelty
• Fraudulent contract
• Any gross neglect of duty
• Habitual drunkenness
• Imprisonment in a correctional institution at the time of filing the complaint
• Procurement of a divorce outside this state by the other party
Additionally, there are two “no-fault” basis for which a court may grant a divorce:
• When the parties have, without interruption for one year, lived separate and apart without cohabitation
• Incompatibility, unless denied by either party
However, whether or not the the court grants the divorce for “fault” or not, in Ohio the party not at “fault” will not get a bigger slice of the marital property.