Thursday, June 23, 2011

More Buyout Rumors for BJ's Wholesale Club

What's going to happen to this company when it eventually gets bought out???

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: