Winn-Dixie Shareholders Seek Buyback or Sale

A group of Winn-Dixie shareholders has asked the company to buy back shares of its stock to increase the share price, or else look for an investor to buy the company outright.

JACKSONVILLE, Fla. — A group of Winn-Dixie shareholders has asked the company to buy back shares of its stock to increase the share price, or else look for an investor to buy the company outright.

Schultze Asset Management, which said it serves as investment advisor to various shareholders owning 1.5% of the common stock of Winn-Dixie Stores, recommended that the company use available cash and issue additional debt to buy back $590 million worth of its stock.

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