Deals
Leonard Green, CVC to Buy BJ’s Wholesale for $2.8 Billion
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Leonard Green & Partners LP and CVC Capital Partners agreed to buy BJ’s Wholesale Club Inc. for $2.8 billion, gaining the third-largest U.S. warehouse-club chain.
BJ’s investors will receive $51.25 in cash for each share they hold, the companies said today in a statement. That’s 6.6 percent more than Westborough, Massachusetts-based BJ’s closing price yesterday.