JACKSONVILLE, Fla. — In a deal that will bring together two of the South's largest grocery chains, Bi-Lo and Winn-Dixie Stores have agreed to merge to form a network of about 690 stores across eight Southeastern states.
Under the terms of the definitive agreement, Bi-Lo, based in Mauldin, S.C., will acquire all of the outstanding shares of Winn-Dixie stock in the merger for $9.50 per share, or about $560 million, the two companies said Monday. The offer represents a 75% premium ...
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