The last barrier to companies making bids for Londis looked set to be removed as The Grocer went to press, with a revised deal over directors share options.
Potential bidders had indicated they were reluctant to finalise their offers until the problem of controversial share options for four Londis directors was resolved.
When Musgrave made its bid in December there was an outcry from many Londis members because the options would have given the directors 51% of the proceeds of the sale.
In December the directors indicated they were willing “to be flexible” about the deal, and earlier this month talks began about the directors waiving some of their entitlement.
A source close to the talks said a deal that would satisfy all the parties was close.