Big Mergers Seen as Unlikely

NEW YORK — Despite the surprise announcement last month that Bi-Lo was making an offer to take Winn-Dixie private, analysts said they did not expect the pace of large-scale mergers and acquisitions to pick up in 2012.

“We do not see this as a sign of increased, value-enhancing [merger and acquisition] activity across the sector,” said John Heinbockel, an analyst with Guggenheim Securities, N

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