$265M Bi-Lo, Delhaize Deal Clears FTC Antitrust Challenge

Law360, New York (February 25, 2014, 2:36 PM EST) -- The parent of the BI-LO and Winn Dixie grocery store chains has agreed to sell 12 supermarkets in Florida, Georgia and South Carolina to settle Federal Trade Commission claims that its proposed $265 million acquisition of stores from Delhaize America would hurt market competition.

Under the FTC deal, Florida-based grocery store operator Bi-Lo Holdings LLC agreed to sell 12 stores to Rowes IGA Supermarkets, HAC Inc., W. Lee Flowers & Co. Inc. and Food Giant.

The proposed $265 million deal between Bi-Lo and Delhaize calls for...
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