has the federal trade commission(FTC) approved the sell of sweetbay supermarkets to Bi Lo ?
as most know there was an agreement for bi lo to purchase sweetbay on top of bi los intention to convert sweetbays into winn Dixie during the first quarter of 2014 which ends at the end of next month(march). but my question is has the ftc approved this ?
- MohammadLv 77 years agoFavorite Answer
1. The transaction was expected to close in the fourth quarter of 2013.
2. According to a news in November 2013: "The transaction between Bi-Lo and Sweetbay is still pending regulatory approval by the Federal Trade Commission, but with an expectation of the deal going through near the beginning of the year, the company filed the notice at least 60 days in advance, the spokesperson said".
3. After November 2013, there is no further news on the website.
.Source(s): As Above . .