Replies to post #1282 on Penn Traffic Co. (fka PTFCQ)

[Obi-Wan Kenobi 2]

this is huge imo!

[Obi-Wan Kenobi 2]

"With the deal, Tops has doubled the number of stores it owns and is expected to see its annual sales surpass $2 billion. "

**** That's HUGE! ^^^^^^^^^^^^


http://www.bizjournals.com/buffalo/stories/2010/02/15/daily12.html ;
"While officials from Tops Markets LLC continue with their post-acquisition due diligence of the former Penn Traffic Co. holdings, certain aspects of the $85 million deal are coming into focus.

Among them: Tops, on the same day it closed on the Penn Traffic deal, formally acquired two real estate holdings in Onondaga County that are home to P&C Foods supermarkets.

According to public documents, Tops/PT LLC paid nearly $3 million for the Towne Center at Fayetteville plaza, which is anchored by a P&C market, and $387,504 for a stand alone P&C supermarket on E. Genesee Street in DeWitt. Both deals were registered with the Onondaga County Clerk’s Office on Jan. 29.

Tops, last month, acquired 79 Penn Traffic-owned stores in four states. The Amherst-based Tops, the Buffalo Niagara region’s largest supermarket chain, was the sole bidder for the bankrupt Penn Traffic chain. Penn Traffic, which had been headquartered in Syracuse, filed for Chapter 11 protection under the U.S. Bankruptcy Code in November.

With the deal, Tops has doubled the number of stores it owns and is expected to see its annual sales surpass $2 billion. "

[speckulater]

Tops/PT, LLC



That is very interesting information. Especially since Tops has already been registered on that site since 2000, under the Entity Tops Markets, LLC.



Current Entity Name: TOPS MARKETS, LLC
Initial DOS Filing Date: SEPTEMBER 15, 2000
County: ERIE
Jurisdiction: NEW YORK
Entity Type: DOMESTIC LIMITED LIABILITY COMPANY
Current Entity Status: ACTIVE

TOPS MARKETS, LLC
P.O. BOX 1027
BUFFALO, NEW YORK, 14240

http://appsext8.dos.state.ny.us/corp_public/CORPSEARCH.ENTITY_INFORMATION?p_nameid=2581555&p_corpid=2553262&p_entity_name=Tops%20Markets&p_name_type=A&p_search_type=BEGINS&p_srch_results_page=0




Selected Entity Name: TOPS PT, LLC
Initial DOS Filing Date: JANUARY 20, 2010
County: ERIE
Jurisdiction: NEW YORK
Entity Type: DOMESTIC LIMITED LIABILITY COMPANY
Current Entity Status: ACTIVE

TOPS PT, LLC
6363 MAIN STREET
WILLIAMSVILLE, NEW YORK, 14221

http://appsext8.dos.state.ny.us/corp_public/CORPSEARCH.ENTITY_INFORMATION?p_nameid=3893508&p_corpid=3901724&p_entity_name=tops&p_name_type=A&p_search_type=BEGINS&p_srch_results_page=2



P.S.
Yes, Tops Markets is now Headquartered in Williamsville, New York. Now, if we could only figure out what the "PT" stands for. (Wink Wink)



.

[levelnever]

nice catch righty, you've got some eagle eyes.

[Fourthquarter]

Wow righty...just saw this...HMMMMMMMMM...
After June maybe? Just thinking because Penn Traffic asked for CHPT 11 extention till June...am I correct?
Let's see where this baby goes...more reason to hang on to the shares here IMHO
GLTA