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Tue Dec 20, 2011, 04:12 AM

Bi-Lo to Pay $9.50 a Share for Winn-Dixie

Bi-Lo agreed on Monday to buy Winn-Dixie Stores for about $560 million, uniting two of the South’s better-known regional supermarket operators.

Under the terms of the deal, the privately held Bi-Lo will pay $9.50 a share in cash, 75 percent more than Winn-Dixie’s closing price on Friday.

The two companies said in a statement that the merger was driven by a desire for greater scale. Bi-Lo’s and Winn-Dixie’s geographic areas have no overlap. Bi-Lo operates 207 stores in South Carolina, North Carolina, Tennessee and Georgia, while Winn-Dixie runs 480 locations in Florida, southern Georgia, Alabama, Mississippi and Louisiana.

More sign of the times, one supposes...


http://dealbook.nytimes.com/2011/12/19/bi-lo-to-buy-winn-dixie-for-9-50-a-share/?src=dlbksb

3 replies, 1690 views

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Reply Bi-Lo to Pay $9.50 a Share for Winn-Dixie (Original post)
Sherman A1 Dec 2011 OP
Go Vols Dec 2011 #1
Sherman A1 Dec 2011 #2
RedRocco Dec 2011 #3

Response to Sherman A1 (Original post)

Tue Dec 20, 2011, 04:41 AM

1. Bi-Lo

was sold to Southern Family Markets prolly 7 years ago here,then closed within 2 years.

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Response to Go Vols (Reply #1)

Tue Dec 20, 2011, 09:13 AM

2. Welcome to DU

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Response to Sherman A1 (Original post)

Tue Dec 20, 2011, 09:37 AM

3. they used to have overlap

until winn dixie pulled out of poor areas a few years back.

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