2 investors pay $2.8B for BJ’s Wholesale Club
6/30/2011NEW 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.