All Winn-Dixie stockholders will be eligible to receive $9.50 per share in cash for each share of common stock held, for a total purchase price of $560m.
As a result of the merger, Bi-Lo and Winn-Dixie are now subsidiaries of the privately held parent company, Bi-Lo Holding, which is the ninth-largest supermarket chain in the US with 688 grocery stores and 63,000 team members in eight states throughout the southeast.
Bi-Lo and Winn-Dixie will continue to operate under the same banners that their customers have come to trust. The company does not expect any store closures as a result of this combination.
Randall Onstead, CEO and president of Bi-Lo Holding, the parent company of BBi-Lo and Winn-Dixie, said: “With the merger of Bi-Lo and Winn-Dixie now complete, we can begin delivering on this exciting combination for the benefit of our customers, team members and communities.
“Together, we are a stronger company that will be focused on meeting and exceeding our customers’ expectations by offering even greater value with the service and shopping experience that they have come to expect.”
The company will eventually be headquartered in Jacksonville (US), which is centrally located within its eight-state operating area. While both companies enjoy a strong heritage of support from their local communities, the Jacksonville-based infrastructure is best positioned to host the combined Bi-Lo and Winn-Dixie support centre, corporate office and distribution facilities.
At the same time, the company plans to maintain a strong regional presence in Greenville both in regard to distribution and local store support needs.
Source: Bi-Lo
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