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Breaking News: Food Lion Parent in Talks to Acquire Bi-Lo

October 5, 2009 by Christian Stegmaier

From TheState.com (October 5, 2009)
South Carolina’s Midlands’ two dominant grocery chains appear headed for a merger.
Food Lion parent Delhaize Group said today it’s in talks to buy shops and inventory worth $425 million from Mauldin-based Bi-Lo, which sought bankruptcy protection earlier this year.
Delhaize said it was in non-binding talks to acquire “a substantial majority” of Bi-Lo’s assets that had revenue of over $2 billion last year.

Belgian-based Delhaize said it intends to integrate Bi-Lo’s shops into its Food Lion chain.

Both chains have the largest number of stores in the Midlands.
See the full article in thestate.com: http://www.thestate.com/breaking/story/971791.html
MEET Christian
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About Christian Stegmaier
Senior Shareholder

Christian Stegmaier is a shareholder and chair of the Retail & Hospitality Practice Group at Collins & Lacy in Columbia. He is also active in the firm’s professional liability and appellate practices. Stegmaier welcomes your questions at (803) 255-0454 or cstegmaier@collinsandlacy.com.

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