WSJ: Winn-Dixie/Bi-Lo won't get IPO

NEW YORK — Southeastern Grocers, the company behind supermarket chains Winn-Dixie and Bi-Lo, will not pursue an initial public offering, according to a report from the Wall Street Journal.

Southeastern Grocers filed for an IPO in September 2013. The company expanded in 2011 after it agreed to make Winn-Dixie stores private in a deal close to $560 million. Southeastern reported a profit of $103 million for fiscal 2012, with sales of $8.6 billion.

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