Price Chopper to merge with Tops Markets.

Price Chopper, a grocery store chain, agreed to merge with Tops Markets, a storied independent grocery chain. Financial terms were not disclosed. "This merger marks a major step forward and collectively elevates our ability to compete on every level. It leverages increased value for our customers; advances shared opportunities for innovation; fortifies the depth of our workforce, community and trade partnerships; and ultimately accelerates our capacity to deliver a distinctively modern and convenient shopping experience," Scott Grimmett, Price Chopper President and CEO.