Winn-Dixie to be Taken Private

Published December 19, 2011

| Reuters

Privately held supermarket operator BI-LO LLC agreed to buy grocer Winn-Dixie Stores Inc
(WINN) for $560 million in cash.

Greenville, South Carolina-based BI-LO will pay $9.50 per Winn-Dixie share -- a 75 premium to the stock's closing price on Friday.

BI-LO and Winn-Dixie said in a joint statement that the new company's management team will be decided once the deal is closer to being finalized.