There are reports that A&P, the Montvale, N.J. grocery chain is exploring "strategic alternatives", including a sale of the company.
A letter from chairman Greg Mays was sent to employees and union leaders this week that said the company primarily hopes to raise new capital for store improvements.
The sale of the company was one of four alternatives outlined in the letter.
Potential buyers for the 150-year-old chain could include Kroger, Ahold or Cerberus Capital Management, according to a report.
Back on July 9, Kroger announced it was buying upscale grocer Harris Teeter for $2.4 billion. To read more, go here.