Members Login
    Remember Me  
Post Info TOPIC: Kroger in the news. Are they going to buy more stores?


Status: Offline
Posts: 875
Kroger in the news. Are they going to buy more stores?

Exclusive: Lone Star's BI-LO up for sale: source

(Reuters) - BI-LO LLC, a U.S. supermarket chain owned by Lone Star Funds LONESB.UL, is up for sale and has drawn interest from strategic and private equity buyers, a source familiar with the matter said on Monday.

U.S. supermarket chains Kroger Co (KR.N) and Publix Super Markets are among potential bidders and are considering buying at least a significant number of BI-LO stores, the source said.

Kroger and Publix were not immediately available for comment. Lone Star declined to comment. The source is anonymous because the talks are not public.

The news of BI-LO's auction adds to a flood of private equity portfolio companies going on the block in recent months, as firms have incentives both to buy and to sell right now.

Pressure is on to invest billions of dollars raised in 2006-2008 as the end of those funds' investment periods approach, while funds are also keen to sell or take public existing investments to reward under-pressure investors.

Greenville, S.C.-based BI-LO emerged from bankruptcy protection in May after spending a little over a year there.



Hell,Kroger can't take care of what they got now. Don't you know the poor saps at Bi-Lo as$'s is puckered so tight you could squeeze a greased bb up it.

Those poor employees if Kroger buys them.

Page 1 of 1  sorted by
Quick Reply

Please log in to post quick replies.

Tweet this page Post to Digg Post to

Create your own FREE Forum
Report Abuse
Powered by ActiveBoard