Image by Flickr user ratterrellImage by 20091005-bilo.jpg
Update November 23:
Bi-Lo has secured $350 million in financing, which seems likely to quell any merger talks for at least the time being and forgoing any unseen obstacles.
Update October 6:
The State has done a nice followup with some good analysis. They also point out that unless Food Lion can spruce up their image, many Bi-Lo customers may drift to Publix.
The proposal has not been accepted just yet, but it looks like the Delhaize Group be coughing up around $425 million on the deal.