Back in 2009, while Bi-Lo was operating under protection of the U.S. Bankruptcy Court, Delhaize’s Food Lion chain made an offer to buy the then-214-store Bi-Lo chain for $425 million in cash. Sources at the time told SN that Food Lion intended to use Bi-Lo to strengthen its brands — including Harveys and Reid’s stores that were direct Bi-Lo competitors in some markets. The offer, however, was contingent upon a number of conditions and ultimately was scuttled when the ...
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