GREENVILLE, S.C. — Lone Star Funds, the owner of bankrupt Southeast chains Bruno’s and Bi-Lo, chipped in $2 million to Bruno’s creditors so that Bruno’s recent liquidation sale wouldn’t also sink Bi-Lo.
Court documents filed in Bi-Lo’s bankruptcy case here last week detailed a complex set of agreements between Bi-Lo, Bruno’s, Lone Star and C&S Wholesale Grocers reached during negotiations for C&S’s purchase of Bruno’s assets at an auction late last month.
According to the papers, ...
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