SOURCE: King & Spalding

King & Spalding

September 12, 2013 16:36 ET

King & Spalding Advises Bi-Lo Holdings in Its Agreement to Acquire 22 Piggly Wiggly Stores

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).

About King & Spalding
Celebrating more than 125 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with 800 lawyers in 17 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and is consistently recognized for the results it obtains, uncompromising commitment to quality and dedication to understanding the business and culture of its clients. More information is available at www.kslaw.com.