Shares of BJ's Wholesale Club Inc. rose Wednesday after a report that two private-equity investors are preparing a joint bid to buy the company.
Representatives for BJ's and Leonard Green did not return calls seeking comment. A spokeswoman for CVC declined to comment on the report.
Shares of BJ's rose $1, or 2 percent, to $48.70 in afternoon trading.
The New York Post also wrote about this rumor: http://www.nypost.com/p/news/business/bj_is_seeking_more_3kjfOFYrLKwKZTodp7I8TK
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Club 109 saying hello! Its official, as of Wednesday 6/28, BJ's accepted an offer of $2.8 billion from Leonard Green Partners. Our regional manager came in first thing this morning, possibly to share the news among other things.
ReplyDeleteNow we will see if they Will clean house and fix the problems at HO.
ReplyDeleteAnyone get a golden parachute? $14 mil? come on. For an anti-union girl she negotiates her own deal pretty well but don't you pee-ons unionize, you don't need it. HA! Be scared of those naughty forward looking statements they can turn and bite TMs. And we don't have to tell you it's coming. The biggest of another case in this company of do as I say, not as I do.
ReplyDeleteI love BJ's Wholesale Club, really.
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