MOUNT KISCO -- A $25 million deal that would allow Stop & Shop to purchase A&P's most profitable store is awaiting court approval, sources told The Journal News.
The Mount Kisco store, which was on the auction block along with properties in New York City's five boroughs, Long Island and elsewhere, is among those being sold as the bankrupt chain based liquidates its grocery store empire.
According to The Journal News, Stop & Shop's initial $23 million offer for the property was bested by a competitor, forcing Stop & Shop to increase its bid by $2 million.
A&P, a troubled chain that filed for chapter 11 protection in July, is scheduled to auction off several more stores Wednesday and Thursday, The Journal News reported.
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