WALL STREET: Votes for A. & P. Stockholders

The world's biggest grocery, The Great Atlantic & Pacific Tea Co., last week announced plans to give shareholders outside the Hartford family a vote in how the family-controlled corporation will be run. Some 19% of A. & P. stock is now held by the public, but the shares carry no regular voting power. The move is the first step in what Wall Street believes is a plan for the heirs of A. & P. Founder George H. Hartford* to sell part of their 81% stock interest in the food chain (last fiscal year...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!