C&S MAKES $300M BID TO BUY GRAND UNION ASSETS

BRATTLEBORO, Vt. -- C&S Wholesale Grocers here last week made a bid to buy nearly all of the Grand Union Co. for $300 million in cash, in an effort to ensure it keeps the business of a large but faltering customer.If the deal is approved -- and exceeds other bids at a bankruptcy auction this month -- C&S then plans to sell the Grand Union stores to other chains it supplies, observers said. C&S's offer

BRATTLEBORO, Vt. -- C&S Wholesale Grocers here last week made a bid to buy nearly all of the Grand Union Co. for $300 million in cash, in an effort to ensure it keeps the business of a large but faltering customer.

If the deal is approved -- and exceeds other bids at a bankruptcy auction this month -- C&S then plans to sell the Grand Union stores to other chains it supplies, observers said. C&S's offer for Grand Union is for 185 of the chain's 197 stores, and its Montgomer

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