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Bi-Lo and Winn-Dixie to become 9th-largest chain

from The Charlotte Observer

Mauldin, S.C.-based Bi-Lo and Florida-based Winn-Dixie Stores plan to merge, the chains said, creating a chain of nearly 700 stores across the Southeast. Bi-Lo, which is owned by the Dallas-based private equity firm Lone Star Funds, will pay $560 million for Winn-Dixie in an all-cash deal expected to close in two to four months, pending shareholder approval. more

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