Gibson Dunn Guides Bi-Lo In $560M Winn-Dixie Buyout

Law360, New York (December 19, 2011, 6:06 PM EST) -- Bi-Lo LLC has more than tripled the size of its supermarket empire with a $560 million Winn-Dixie Stores Inc. merger that combines two of the South's most prominent grocery chains, according to a Monday announcement.

In an effort to expand its footprint, the Greenville, S.C.-based Bi-Lo inked a cash deal for all of the outstanding shares of Winn-Dixie, headquartered in Jacksonville, Fla. Bi-Lo will pay $9.50 per share, which represents a premium of about 75 percent on the Friday closing price of Winn-Dixie's common stock, Bi-Lo...
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