DALLAS, Dec. 19, 2011 /PRNewswire/ -- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of the remaining shares of Winn-Dixie Stores, Inc. ("Winn-Dixie" or "WINN") (Nasdaq: WINN) to Bi-Lo for WINN shareholders. Under the proposed acquisition, WINN's shareholders will receive only $9.50 in cash for each share of Winn-Dixie/WINN stock owned, which is significantly less than the $11 per share target price of at least one analyst following the company.
Winn-Dixie's Shareholder Alert: The Briscoe Law Firm And Powers Taylor, LLP Investigate The Board Of Winn-Dixie Stores, Inc. Concerning The Acquisition Of WINN By Bi-Lo
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