Lone Star Takes Bi-Lo Off the Block

Lone Star Funds said current market conditions have forced it to take the Bi-Lo chain, which it acquired from Ahold in 2005, off the market. There was a lot of interest in the company, but just based on marketplace conditions, a sale is not going to happen in the near future, Ed Trissel, a spokesman for Lone Star, told SN. We will focus on our strategic plan and company objectives. He

Dallas — Lone Star Funds here said current market conditions have forced it to take the Bi-Lo chain, which it acquired from Ahold in 2005, off the market.

“There was a lot of interest in the company, but just based on marketplace conditions, a sale is not going to happen in the near future,” Ed Trissel, a spokesman for Lone Star, told SN. “We will focus on our strategic plan and company objectives.”

He said private equity firms have become less acquisitive recent

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