Citing a desire for greater scale in their combined markets, supermarket chains Winn-Dixie and Bi-Lo are merging. Bi-Lo agreed today to purchase Winn-Dixie for $9.50 a share- about 75% higher than the stock’s closing price Friday- in a $560 million buyout. Currently, the chains do not overlap in market geographically- Winn-Dixie owns 480 locations in Florida, [...]
Winn-Dixie Bought By Bi-Lo, Chains to Merge is a post from: The Inquisitr