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Published: Thursday, 6/30/2011

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

BLADE STAFF AND NEWS SERVICES

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.



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