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Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Winn-Dixie Stores, Inc. (Nasdaq:
News) (referred to as ”Winn-Dixie” or the “Company”) to BI-LO, LLC (“BI-LO”).
Under the terms of the definitive agreement, BI-LO will acquire all of the outstanding shares of Winn-Dixie stock in the merger. Winn-Dixie shareholders will receive $9.50 in cash per share of Winn-Dixie common stock.