Law360, New York (October 05, 2009) -- Bankrupt supermarket chain Bi-Lo LLC is in talks with Delhaize Group to sell the majority of its assets to the Belgian food retail giant for $425 million in cash, according to a Monday bankruptcy court filing.
The companies signed a nonbinding letter of intent in the U.S. Bankruptcy Court for the District of South Carolina, paving the way for Delhaize's U.S. subsidiary, Food Lion LLC, to...
