JITNEY UNITS AUCTIONED, COMPANY SET TO SHUT DOWN

JACKSON, Miss. -- Jitney Jungle Stores of America here said it is preparing to shut down permanently following a bankruptcy auction last week to sell off its 137 stores.Jitney has been operating as a debtor-in-possession since filing for Chapter 11 bankruptcy protection in October 1999.The auction, held in New Orleans, formalized the sale of stores to Winn-Dixie Stores, Jacksonville, Fla., and Bruno's

JACKSON, Miss. -- Jitney Jungle Stores of America here said it is preparing to shut down permanently following a bankruptcy auction last week to sell off its 137 stores.

Jitney has been operating as a debtor-in-possession since filing for Chapter 11 bankruptcy protection in October 1999.

The auction, held in New Orleans, formalized the sale of stores to Winn-Dixie Stores, Jacksonville, Fla., and Bruno's Supermarkets, Birmingham, Ala. -- transactions that were announced early i

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