Winn-Dixie Deal Leaves 'Strong' Balance Sheet: Onstead

MAULDIN, S.C. — The proposed $560 million acquisition of Winn-Dixie Stores by Bi-Lo here, announced Monday, is not a typical leveraged buyout, Randall Onstead, Bi-Lo's chairman, told SN on Monday after the deal was announced.

Although he declined to go into specific detail about the structure of the transaction, he said Bi-Lo would have "strong" balance sheet going forward.

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