The parent company of Winn-Dixie and BI-LO has not yet determined the number of shares and the price range for offering, according to a statement.
Citigroup, Credit Suisse and Deutsche Bank Securities were named as the underwriters for the offering, and with William Blair and Wells Fargo Securities, are planned to act as joint book-running managers for the offering.
The company said the offering will be made only by prospectus.
More information, including directions to obtain copies of the preliminary prospectus, is available on the company’s website at BI-LO.com.
Over the past few months, Bi-Lo agreed to purchase 22 stores from Piggly Wiggly Carolina, 72 Sweetbay, Harveys and Reids stores from Delhaize America and sold seven stores to Lakeland, Fla.-based Publix Super Markets.