Chapter 11 Possible for Penn Traffic
By George Anderson
Penn Traffic, operator of more than 200 stores under the Big Bear, Big Bear
Plus, Bi-Lo and Quality banners in Ohio, West Virginia, Pennsylvania, upstate
New York, Vermont and New Hampshire said yesterday it may file for Chapter 11
Reuters reports the chain may take this action if it is unable to secure financing
to fund operations. The company also announced it would delay filing its annual
financial statement with the Securities and Exchange Commission (SEC).
What do you think of Penn Traffic’s prospects?
Anderson – Moderator]