Thursday, October 08, 2015
Current Weather
Loading Current Weather....
Published: Thursday, 6/30/2011

2 investors pay $2.8B for BJ’s Wholesale Club


NEW YORK — BJ’s Wholesale Club is being acquired by two private equity investors for roughly $2.8 billion.

The nation’s third-largest wholesale club said Wednesday that Leonard Green & Partners and CVC Capital Partners will pay $51.25 per share in cash for BJ’s common stock.

BJ’s has 190 stores in 15 states. Analysts say the takeover could help propel its growth.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories