Winn-Dixie Stores (WINN) announced Monday morning that it agreed to be acquired by BI-LO LLC for $9.50 in cash per share.
Winn-Dixie Stores gapped open dramatically higher Monday, but traded in a narrow range throughout the session. Shares finished up by 3.81 at $9.24 on the highest volume of the year. The stock re-crossed both its 50 and 200-day moving averages and jumped to over a 4 1/2 month high.
For comments and feedback: editorial@rttnews.com