Winn-Dixie Stores, Inc. (MM) (WINN) News

I worked for WD in stores 10 yrs.
Truck driver 18 yrs.
The worst company to work for.
Best day of my life was the day
I injured my back in 1988 I
hired a great lawyer and retired
at age 46.
They were slave drivers and greed
took them into bankruptcy I predicted
that would happen years before.
I enjoyed watching it happen.
Management sucked from the top down
That includes Donald Kimsey the
ass hole over the tampa division.
Jacksonville fired his ass when
they found his help turnover rate.

Winn Dixie is doing quite well insofar as I have noticed. The stores are
well attended, but not so well as KROGER or PUBLIX.. or even INGALLS.

Except for the updated ones. But even the updated ones closed when faced with a nearby Kroger.

It was really more of a merger than a buy out. The result being both the dog and the tail both becoming private and not having to go to the expense of reporting to the SEC. They did buy out the shareholders too cheaply.

I believe that they will go public again someday maybe with the Winn Dixie name,,the more famous of the two. Or maybe some other name...but I doubt that.

at one time there was talk of a stockholder suit about fair value. guess it panned out.

A done deal, I hear. Gotta sue somebody to get a sweetener.

they are still hoping for either a sweetener or a white knight.

So if the Bi-Lo buyout/merger goes through, the shares are valued at nine fifty each. Trading is still going on hot and heavy. Why, I wonder.

Bi-Lo to purchase Winn-Dixie chain
The Business Journal by Christian Conte, Reporter
Date: Monday, December 19, 2011, 12:30pm EST

Bi-Lo plans to expands its territory into Florida by purchasing the Winn-Dixie chain.

Bi-Lo plans to expands its territory into Florida by purchasing the Winn-Dixie chain.

Christian Conte
Reporter - Jacksonville Business Journal
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The Bi-Lo Bi-Lo Latest from The Business Journals Winn-Dixie, Bi-Lo to merge in 0M dealBi-Lo to purchase Winn-Dixie chainWinn-Dixie to be acquired by BI-LO Follow this company supermarket chain plans to acquire Winn-Dixie Stores Inc. Winn-Dixie Stores Inc. Latest from The Business Journals Bi-Lo to purchase Winn-Dixie chainWinn-Dixie acquisition and merger timelineWinn-Dixie to be acquired by BI-LO Follow this company and merge the companies into a privately held, 690-store grocery operation.

The deal is worth $560 million, according to multiple media reports.

Under the agreement, Greenville, S.C.-based Bi-Lo will acquire all outstanding shares of Winn-Dixie stock. Winn-Dixie shareholders will receive $9.50 in cash per share of Winn-Dixie common stock, representing a premium of about 75 percent over the closing price of Winn-Dixie common stock on Friday, according to a press release. After the merger, the company will become a private enterprise and will be delisted from the NASDAQ stock exchange.

Peter Lynch, chairman, chief executive and president of Jacksonville, Fla.-based Winn-Dixie, calls the transaction the next logical step in the company's journey.

"The company's come a long ways," he says, referring to the company's long road since its emergence from Chapter 11 bankruptcy protection in 2007. "I feel very, very good about the transaction.

“This transaction with Bi-Lo provides Winn-Dixie shareholders with a significant cash premium for their shares. We believe this transaction is in the best interests of our shareholders,” Lynch adds. “By combining Bi-Lo and Winn-Dixie, we anticipate building a company that is stronger than our individual businesses and creating opportunities for continued advancement through the cross-pollination of our people and the sharing of ideas across our organizations, all to the benefit ...

The Bi-Lo Bi-Lo Latest from The Business Journals Winn-Dixie, Bi-Lo to merge in 0M dealBi-Lo to purchase Winn-Dixie chainWinn-Dixie to be acquired by BI-LO Follow this company supermarket chain plans to acquire Winn-Dixie Stores Inc. Winn-Dixie Stores Inc. Latest from The Business Journals Bi-Lo to purchase Winn-Dixie chainWinn-Dixie acquisition and merger timelineWinn-Dixie to be acquired by BI-LO Follow this company and merge the companies into a privately held, 690-store grocery operation.

The deal is worth $560 million, according to multiple media reports.

Under the agreement, Greenville, S.C.-based Bi-Lo will acquire all outstanding shares of Winn-Dixie stock. Winn-Dixie shareholders will receive $9.50 in cash per share of Winn-Dixie common stock, representing a premium of about 75 percent over the closing price of Winn-Dixie common stock on Friday, according to a press release. After the merger, the company will become a private enterprise and will be delisted from the NASDAQ stock exchange.

Peter Lynch, chairman, chief executive and president of Jacksonville, Fla.-based Winn-Dixie, calls the transaction the next logical step in the company's journey.

"The company's come a long ways," he says, referring to the company's long road since its emergence from Chapter 11 bankruptcy protection in 2007. "I feel very, very good about the transaction.

“This transaction with Bi-Lo provides Winn-Dixie shareholders with a significant cash premium for their shares. We believe this transaction is in the best interests of our shareholders,” Lynch adds. “By combining Bi-Lo and Winn-Dixie, we anticipate building a company that is stronger than our individual businesses and creating opportunities for continued advancement through the cross-pollination of our people and the sharing of ideas across our organizations, all to the benefit of our guests, suppliers, team members and the neighborhoods that Winn-Dixie serves.”

All Bi-Lo stores will continue to operate under that brand name, and Winn-Dixie stores will remain known as Winn-Dixie, he says.

The companies do not expect any store closures as a result of the merger. The combined executive-management structure and headquarters location will be decided as the companies move closer to finalizing the transaction; however, it is expected that the combined company will maintain a presence in both Greenville and Jacksonville, according to the press release.

The company will have 63,000 employees in eight Southeastern states.

“We are very excited about the merger of Bi-Lo and Winn-Dixie,” says Randall Onstead, chairman of Bi-Lo. “With no overlap in our markets, the combined company will have a perfect geographic fit that will create a stronger platform from which to provide our customers great products at a great value, while continuing to offer exceptional service.”

The transaction is expected to close within 60 to 120 days, subject to the approval of Winn-Dixie shareholders and other customary closing conditions.

Bi-Lo operates 207 supermarkets in the Carolinas, Georgia and Tennessee, including 36 stores in the Charlotte region.

It emerged from Chapter 11 bankruptcy reorganization in 2010. While Bi-Lo was under bankruptcy protection from creditors in 2009, Salisbury-based Delhaize America Delhaize America Latest from The Business Journals Bi-Lo to purchase Winn-Dixie chainWells Fargo starts foreclosing on pair of JDH developments Revenue up at Food Lion parent Delhaize Follow this company — owner of the Food Lion chain — made an unsuccessful bid to purchase Bi-Lo for $425 million.

Winn-Dixie (NASDAQ:WINN) operates 482 grocery stores throughout five Southeastern states.

Winn-Dixie closed its 37 stores in the Charlotte region — as well as all its operations in the Carolinas — in 2005.
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Pre-Market Gap + 71%
Great Merger News for shareholders of WINN

I shopped at one of the re-modeled ones near Saint Augustine on Thanksgiving day. It is a BIG store, with a wide VERY wide selection of wines. I did not find my favorite, Japanese Sake,
But all of the domestics were there, along with some french, German and Jewish wines.

All the BEERS of course. And lots of Bubblies.

Actually, I was not in the market for spirits But the mundane stuff that I was looking for was easy to find.

There were a lot of customers even early on a holiday morning.

VERY prosperous!!

I like to stick with the TRUTH at all times in the posts. I do believe that WINN DIXIE is a worthwhile institution and one that provides a great shopping experience. I go there most of the time myself. The GROCERY BUSINESS is highly competitive, and stores such as WINN DIXIE help to keep the prices down for everyone.

I could use some help here. Those that wish to post..please feel free to do so. INCLUDING MEMBERS OF WINN DIXIE MANAGEMENT.

ALSO ANY THAT WISH TO BE AN ASSISTANT MODERATOR, PLEASE ASK.

The SHARE PRICE tends to follow WAY TOO closely, the ordinary rest of the market. WHATINHELL does the economy in GREECE have to do with the GROCERY business in the SOUTHERN US?? Answer..nothing. Yet the SP runs up and down with the latest scare or optimistic news from outa wall street.

seven has been a resistance SP lately. Maybe today will see that barrier busted!!

I have noted that WD is continuing store upgrades. They do have a great reputation insofar as selling store brands and a great meat department. They sell national brands too...but the store brands are just as good if not better, and costs less...as well as being more profitable for the store.

They have a high institutional ownership level. That insures that they can compete and gives them stability.

I have noted that WD is not interested in competing with KROGER.

One fairly successful store was closed when KROGER located nearby. Whether that was the cause I do not really know, just an observation. KROGER does run a lot of sales to try for a larger
market share.

Fairly high short interest. Covering shorts might take it higher.

A lot of 100 shares trades. I would advise against trading at 100 shares..even if you get a bump upward in SP, you will not net much. More LEVERAGE by trading 1000 shares or more.

I do note that by far the most of the trades are at the 100 share level. SCARED MONEY...that will sell at the least sign of trouble. Buying at at least the 1000 share level is the thing to do if you want to take a dip here.

For one thing 100 share trades even if the price doubles is hardly worthwhile. A very low risk stock..at or near the present SP.

I traded this thing so often back a couple years ago that I got in a bit of a bind with the wash sale rule.

I bought back in today at 6.11...Will possibly flip at anything much over 7 but we shall see.

Management could sell the company and make a bit of a killing or just continue their re-modelling action and slowly build beck to the 14 dollar level, where they were back when I last traded before today.

One thing I discovered is that they do not believe that they can compete with a nearby Kroger. They had a good location near where I am but closed whan Kroger located nearby. This is a very good market area, properous, low unemployment...but no WINN DIXIE STORE.

WINN - Nice Divergence

WINN