GREENVILLE, S.C. — Bi-Lo is up for sale again. Lone Star Funds, the Dallas-based private equity firm that acquired the chain from Ahold a little more than two years ago, last week said it had engaged Merrill Lynch and William Blair & Co. to explore the sale of Bi-Lo, which operates 230 stores in four Southeastern states. While Lone Star said it intends to sell Bi-Lo as a single unit, sources told SN last week they expected strategic buyers would be more interested in a piecemeal sale. ...
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