Business in brief

Delphi emerges from bankruptcy oversight

NEW YORK --- Auto supplier Delphi said Tuesday that it has completed a deal with its lenders to allow it to exit bankruptcy protection nearly four years to the day after it filed for Chapter 11.

Delphi Holdings LLP, created by the company's emergence from bankruptcy court oversight, said it has finished acquiring most of Delphi Corp.'s core businesses as called for in its restructuring plan.

Rodney O'Neal will remain the Troy, Mich.-based company's president and CEO. The company's current executives will continue to manage its global operations, Delphi said.

On July 30, the bankruptcy judge overseeing Delphi's case approved the auto supplier's plan to hand control of the company to its lenders and pave the way for it to emerge from Chapter 11.

The exact details of the plan have not been publicly disclosed. Delphi is now a privately held company and doesn't have to reveal financial information.

Food Lion parent is in talks to buy BI-LO

Belgian international food retailer Delhaize Group is in nonbinding talks to buy shops and inventory worth $425 million from South Carolina-based BI-LO, a grocery chain that entered bankruptcy proceedings earlier this year.

Delhaize said the assets to be acquired had revenue of over $2 billion last year, and it intends to integrate BI-LO's shops into its Food Lion chain. Food Lion has more than 1,300 stores in 11 states with 74,000 employees.

Mauldin, S.C.-based BI-LO LLC is a privately held company that operates 214 supermarkets in South Carolina, North Carolina, Georgia and Tennessee and employs about 15,500.