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Plan In Hand, Bi-Lo Eyes Ch. 11 Exit In May

By Ben James (April 30, 2010, 5:23 PM EDT) -- The judge overseeing Bi-Lo LLC's bankruptcy proceedings has confirmed the supermarket chain's reorganization plan — under which Bi-Lo will get a $150 million new equity investment from its owner, private equity firm Lone Star Funds — clearing the way for the company to emerge from Chapter 11 in May....

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