Food Lion: ‘Still Interested’ in Bi-Lo

A spokeswoman for Food Lion here yesterday acknowledged that its agreement to buy the majority of Bi-Lo’s assets out of bankruptcy for $425 million was no longer valid, but said the chain remains “strongly interested” in acquiring some Bi-Lo assets.

SALISBURY, N.C. — A spokeswoman for Food Lion here yesterday acknowledged that its agreement to buy the majority of Bi-Lo’s assets out of bankruptcy for $425 million was no longer valid, but said the chain remains “strongly interested” in acquiring some Bi-Lo assets.

Food Lion said its plan to acquire Bi-Lo was voided after Food Lion failed to come to agreement with Bi-Lo or its creditors before the deadline to submit reorganization plans passed Nov. 20. Although Food Lion’s of

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