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| | Daily Record Business - Calif. billionaire invests $150M in Pathmark (Site not responding. Last check: 2007-10-10) |
 | | Both Pathmark, which operates 142 stores in the highly competitive and saturated markets of New York, New Jersey and Philadelphia, and Wild Oats, whose stores are in 24 states, have been battered by competition and rising expenses for marketing and employee benefits. |
 | | Pathmark shares rose $1.44, or 32 percent, to close at $5.92. |
 | | Pathmark, which had hired Dresdner Kleinwort Wasserstein in December to advise it on options, including a sale, plans to use the investment to open an unspecified number of new stores and upgrade its existing ones. |
| www.dailyrecord.com /business/business1-pathmark.htm (436 words) |
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