Under C&S's offer, the wholesaler would get about 185 of thenearly 197 stores operated by the company, as well as adistribution center located in Montgomery, NY. Grand Union, whichis in Chapter XI bankruptcy and whose shares have been trading foras little as 13 cents, doesn't expect its shareholders to getanything if the $300 million sale is approved by the courts. Thecompany is said to have $750 million in assets and $804 million inliabilities.
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