JACKSONVILLE, Fla. — Shareholders of Winn-Dixie Stores on Friday approved by a wide margin the acquisition of the company by Mauldin, S.C.-based Bi-Lo for $9.50 per share, or about $60 million, according to reports.
About 39.9 million shares were voted in favor of the merger, vs. 950,000 against, according to a report in the Jacksonville Business Journal. The merger is expected to be completed on Friday.
The two companies had agreed to the acquistion in December. As previously ...
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