PENN TRAFFIC MULLS BI-LO, WHOLESALE ASSETS SALE

SYRACUSE, N.Y. -- Penn Traffic Co. here said last week it has hired an investment banking firm to determine the value of a group of its Pennsylvania-based Bi-Lo Foods stores and certain wholesale assets as a prelude to a possible sale.The assets being considered for disposition include most of the 78 Bi-Lo stores. It was unclear last week whether the prospective sale would also include some of the

SYRACUSE, N.Y. -- Penn Traffic Co. here said last week it has hired an investment banking firm to determine the value of a group of its Pennsylvania-based Bi-Lo Foods stores and certain wholesale assets as a prelude to a possible sale.

The assets being considered for disposition include most of the 78 Bi-Lo stores. It was unclear last week whether the prospective sale would also include some of the individual warehouses that service the Bi-Lo stores, nor was it clear whether the compa

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