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Press release

Bi-Lo Holdings and Delhaize Group Receive U.S. FTC Clearance for Proposed Merger

JACKSONVILLE, Fla., Feb. 25, 2014 – Bi-Lo Holdings, LLC  and Delhaize Group (Euronext Brussels: DELB – NYSE: DEG) today announced they have received approval from the Federal Trade Commission (FTC) to proceed with the transaction in which Bi-Lo Holdings will acquire substantially all of the stores in the Sweetbay, Harveys and Reid’s supermarket chains from Delhaize.  Bi-Lo Holdings agreed to divest 12 Delhaize America stores in the states of Fla., Ga., and S.C., and Delhaize Group has agreed to retain two additional stores and convert them to the Food Lion banner, pursuant to a consent order accepted by the FTC for public comment on February 25, 2014.  The order is subject to final approval by the FTC after the close of a 30-day comment period.

“We have been preparing for the integration of the Sweetbay, Harveys and Reid’s banners and store associates for many months and are delighted to now move forward and welcome them to the Bi-Lo Holdings family,” said R. Randall Onstead, president and CEO of Bi-Lo Holdings.  

“We would like to thank the associates of Sweetbay, Harveys, and Reid´s for their outstanding accomplishments,” said Delhaize Group CEO Frans Muller. “As we complete the transition process, we share our deepest appreciation for their many contributions and service to our customers during their tenure with our company."

The 12 divested stores and their respective buyers, the two Delhaize America retained stores, and the anticipated transition dates for each store are as follows:

 

Store

Location

Buyer

Banner

*Deal Closing Dates

Sweetbay #1883

Arcadia, Fla.

Rowe’s IGA X, LLC

Rowe’s IGA

March 22, 2014

Sweetbay #1791

Wauchula, Fla.

Rowe’s IGA VIII, LLC

Rowe’s IGA

March 29, 2014

Sweetbay #1879

Lake Placid, Fla.

Rowe’s IGA VII, LLC

Rowe’s IGA

April  5, 2014

Sweetbay #1795

Dunnellon, Fla.

Rowe’s IGA IX, LLC

Rowe’s IGA

April 12, 2014

Harveys #2374

Statesboro, Ga.

Homeland

Food World

May 3, 2014

Harveys #2375

Statesboro, Ga.

Homeland

Food World

May 3, 2014

Harveys #2336

Vidalia, Ga.

Homeland

Food World

May 3, 2014

Harveys #2378

Bainbridge, Ga.

Food Giant Supermarkets, Inc.

Food Giant

May 10, 2014

Harveys #2379

Madison, Fla.

Food Giant Supermarkets, Inc.

Food Giant

May 10, 2014

Harveys #2349

Waynesboro, Ga.

W. Lee Flowers and Company, Inc.

KJ’s Market IGA

May 10, 2014

Harveys #2370

Sylvania, Ga.

W. Lee Flowers and Company, Inc.

KJ’s Market IGA

May 17, 2014

Reid's #442

Batesburg, S.C.

W. Lee Flowers and Company, Inc.

KJ’s Market IGA

May 31, 2014

Reid’s  #2167

Hampton, S.C.

Retained by Delhaize Group

Food Lion

N/A

Harveys #2398

Americus, Ga.

Retained by Delhaize Group

Food Lion

N/A

 

*Sorted by buyer

In addition to the sale of the 12 store leases and related assets, the buyers of the 12 stores will provide each store employee the opportunity to interview for continued employment.

Bi-Lo Holdings and Delhaize Group anticipate that the acquisition of the Sweetbay, Harvey’s and Reid’s supermarkets will begin on March 22, 2014 and be complete on May 31, 2014, subject to the satisfaction of remaining closing conditions.