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US: Winn-Dixie CEO in line for $8m in Bi-Lo deal

Winn-Dixie Stores Chairman, President and CEO Peter Lynch stands to earn about $8 million in stock, cash and equity if the pending acquisition of the grocer chain by Bi-Lo LLC is approved, according to public filings with the U.S. Securities and Exchange Commission.

Shareholders will vote on the deal, which is worth $560 million or $9.50 per common share, March 9. That price per share was a 75 percent premium based on the price on the day the merger was announced in December.

Source: www.bizjournals.com
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