NEWS WATCH: FOOD CITY TO ACQUIRE 8 BI-LO LOCATIONS...SEC CHARGES AUDITORS IN AHOLD SCANDAL...C&S CONVERTS FORMER TOPS TO GU MARKETS

FOOD CITY TO ACQUIRE 8 BI-LO LOCATIONSere last week said it intends to purchase eight Bi-Lo supermarkets in Tennessee and convert them to the Food City banner. A purchase price was not disclosed, and the transaction is expected to close in mid-March. The stores - four in Knoxville, two in Maryville and one each in Oak Ridge and Farragut - were among the stores sold by Bi-Lo to its supplier, C&S Wholesale

FOOD CITY TO ACQUIRE 8 BI-LO LOCATIONS

ere last week said it intends to purchase eight Bi-Lo supermarkets in Tennessee and convert them to the Food City banner. A purchase price was not disclosed, and the transaction is expected to close in mid-March. The stores - four in Knoxville, two in Maryville and one each in Oak Ridge and Farragut - were among the stores sold by Bi-Lo to its supplier, C&S Wholesale Grocers, Keene, N.H., last year. C&S has switched the majority of t

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