BI-LO and Winn-Dixie Agree to Merge
Winn-Dixie Shareholders to Receive $9.50 Per Share in Cash Transaction Valued at $560 Million Combined Company to Operate Both BI-LO and Winn-Dixie Banners with Approximately 690 Stores in Eight States GREENVILLE, S.C. & JACKSONVILLE, Fla.–(BUSINESS WIRE)–Dec. 19, 2011– BI-LO, LLC (“BI-LO”) and Winn-Dixie Stores, Inc. (NASDAQ: WINN) (“Winn-Dixie”) today announced that the companies will merge