BI-LO will acquire all the outstanding shares of Winn-Dixie (WINN) for $9.50/share, a ~75%...


BI-LO will acquire all the outstanding shares of Winn-Dixie (WINN) for $9.50/share, a ~75% premium over Winn-Dixie's closing price on Friday. The merged company will have approximately 690 stores and 63,000 employees. (PR)

Comments (9)
  • blueline
    , contributor
    Comments (2156) | Send Message
     
    All of Winn-Dixie's dealings smell! They ran the company into the ground, reorganized and then ran it into the ground again and now they are selling out and going private??? I wonder who owns BI-LO?
    19 Dec 2011, 11:05 AM Reply Like
  • PVizzle
    , contributor
    Comments (743) | Send Message
     
    Lol a 75% premium? Are you yanking my chain?
    19 Dec 2011, 01:27 PM Reply Like
  • squash3b
    , contributor
    Comments (18) | Send Message
     
    Lone Star Funds owns Bi-Lo
    19 Dec 2011, 01:31 PM Reply Like
  • sogreat
    , contributor
    Comments (70) | Send Message
     
    Both companies went thru bankruptcy recently.
    19 Dec 2011, 01:42 PM Reply Like
  • blueline
    , contributor
    Comments (2156) | Send Message
     
    Who owns Lone Star Funds? Or more correctly who will be the owners of Lone Star Funds when this deal is complete?
    19 Dec 2011, 03:33 PM Reply Like
  • squash3b
    , contributor
    Comments (18) | Send Message
     
    Private Equity:

     

    http://bit.ly/tF3hhr
    20 Dec 2011, 09:06 AM Reply Like
  • The_Hammer
    , contributor
    Comments (4801) | Send Message
     
    Lone star thinks they got a bargain? Congrats to winn shareholders for finding a bagholder.
    19 Dec 2011, 04:01 PM Reply Like
  • PVizzle
    , contributor
    Comments (743) | Send Message
     
    The WINN board should probably get a free party loaded with street walkers and midgets. O wait, they only do that at FIDO.
    19 Dec 2011, 08:53 PM Reply Like
  • blueline
    , contributor
    Comments (2156) | Send Message
     
    The $9.50 price is hush money to keep the stockholders from asking questions and to just take the money and run. If it sounds to good to be true.....
    20 Dec 2011, 05:22 PM Reply Like
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