CINCINNATI -- Winn-Dixie Stores is expanding its reach in the Midwest -- deep into the heart of Kroger Co. territory.
The Jacksonville, Fla.-based company has reached an agreement with Thriftway here to acquire the food and drug retailer's 25-store operation. All of Thriftway's stores are in the Greater Cincinnati area.
Terms of the agreement were not disclosed. Observers said the deal is to be a stock transaction, most likely valued between $150 million and $200 million.