Winn-Dixie Stores Inc. (NASDAQ: WINN) shares saw a
huge rally in trading on Monday after the Jacksonville, Florida-based company
agreed to be acquired by BI-LO. Under the terms of the agreement, BI-LO will
acquire Winn-Dixie Stores for $9.50 per share in cash.
Winn-Dixie shares rose more than 70% on Monday. The
rally pushed Winn-Dixie shares above their 50-day and 200-day moving averages.
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