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Reuters reports that Bi-Lo Holdings, the ninth-largest traditional supermarket chain in the United States, is planning an initial public offering later this year and has tapped banks to lead the deal." The IPO follows a time of fast expansion for the company.

The story notes that "Bi-Lo operates 206 grocery stores throughout the southern United States under its own banner ... In late 2011, it bought supermarket chain Winn-Dixie Stores for $560 million. Winn-Dixie's 480 stores in Florida, Alabama, Louisiana, Georgia, and Mississippi continue to operate as a Bi-Lo subsidiary under the Winn-Dixie brand. In May, Bi-Lo bought 165 stores from Food Lion parent Delhaize Group for $265 million in cash."
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