Oct
06

Food Lion Parent Company Makes Offer to Buy Bi-Lo

By
– Greenville News

Bi-Lo said today it has signed a non-binding letter intent with the Delhaize Group for the operator of the Food Lion chain to acquire “a substantial majority” of Mauldin-based Bi-Lo for $425 million.

However, Bi-Lo’s president and chief executive officer said “all options for Bi-Lo remain under consideration” as the company attempts to restructure in bankruptcy court, and Bi-Lo’s creditors put forward alternative proposals.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.greenvilleonline.com/article/20091005/NEWS/91005009/1004/NEWS01/Food-Lion-parent-makes-offer-to-buy-Bi-Lo
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