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Food Lion plans to acquire four Bi-Lo stores in the greater Myrtle Beach, Florence and Columbia, S.C., areas from Southeastern Grocers.

Financial terms of the transaction weren’t disclosed. Salisbury, N.C.-based Food Lion said Friday that all of the locations will remain open as Bi-Lo stores until the transaction is complete. Pending approvals, the deal is expected to be finalized in late May.

“We are so excited to add these four new locations to our network of nearly 70 stores serving the greater Myrtle Beach, Florence and Columbia areas,” Food Lion President Meg Ham said in a statement. “We are part of the fabric of this community. We’ve been here in these towns and cities nourishing our neighbors and customers for nearly 40 years. With the addition of these four new stores, we…