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The Deal: Food Lion Inc. has agreed to acquire Hannaford Brothers Co. for $3.6 billion. The acquisition is Food Lion's attempt to become more competitive in the U.S. supermarket industry. The combined company will become the country's sixth largest food retailer. Food Lion will pay $79.00 a share through a combination of cash and stock for all of Hannaford's shares outstanding. On the news, Hannaford last traded at $63.6875/share, while Food Lion fell 18.75 cents, or 1.7%, to $11.00/share.