Delhaize to Buy Bi-Lo for $425 Million

Delhaize Group said it has agreed to buy Bi-Lo LLC in a deal that would combine one of the largest food retailers in the Carolinas with its smaller rival in bankruptcy court.

SALISBURY, N.C. — Delhaize Group said Monday it has agreed to buy Bi-Lo LLC in a deal that would combine one of the largest food retailers in the Carolinas with its smaller rival in bankruptcy court.

Delhaize said it would pay $425 million cash for the "substantial majority"of Bi-Lo's assets. Bi-Lo, headquartered in Mauldin, S.C., operates 214 stores in North Carolina, South Carolina, Tennessee and Georgia and recorded more than $2 billion in sales in 2008. It filed for protect

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