A&P, the parent company, filed for bankruptcy one day prior to Acme's announcement.
"The offer is subject to customary legal and bankruptcy court approvals, following A&P’s Chapter 11 filing on July 19, 2015, including the potential for higher bids to be submitted and anti-trust approval," Acme said in its announcement.
"A&P has asked the court for an order requiring other bidders to submit their bids by September 11, 2015, with an expectation that court approval for the sale of the stores would be received by October 15, 2015."
Acme said will also buy stores located in Connecticut, New York, Delaware and Maryland. Click here for a complete list.
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