JACKSONVILLE, FL--(Marketwired - Sep 12, 2013) - King & Spalding advised Bi-Lo Holdings, parent company of the BI-LO and Winn-Dixie grocery store chains, in its definitive agreement with Piggly Wiggly Carolina Company, Inc., to acquire 22 Piggly Wiggly stores with approximately 1,200 store employees in South Carolina and coastal Georgia. Financial terms of the transaction were not disclosed.
Sixteen of the Piggly Wiggly stores that Bi-Lo Holdings will acquire are in South Carolina and six are in Georgia.
The transaction is expected to close in the fourth quarter of 2013 and is subject to the satisfaction of customary closing conditions. Upon completion of the transaction, the acquired stores will be rebranded under the BI-LO banner name.
The King & Spalding team involved in this transaction was led by Atlanta corporate partners Austin Jowers and Ray Baltz and consisted of the following additional lawyers: Spencer Stockdale (corporate associate, Atlanta); Les Oakes (environmental partner, Atlanta); Chris Markus (FDA/life sciences partner, Washington); Eleanor Banister (ERISA partner, Atlanta); Tom Hawk (healthcare partner, Atlanta); and Susan Foxworth (real estate counsel, Atlanta).
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