Grocery chain operator Fairway Group Holdings Corp (FWM.O) has reached a tentative deal with creditors to restructure its debt in bankruptcy, Bloomberg reported, citing people familiar with the matter.
The deal is likely to put the company into Chapter 11 proceedings by the end of May, the report said.
Shares of the company, which operates about 15 stores in the New York City area, were down 5 percent at 38 cents on Friday.
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