WILMINGTON, Del. — An investor has filed a lawsuit in Delaware Chancery Court here alleging that the $2.8 billion offer to buy BJ's Wholesale Club is “grossly inadequate,” according to reports. The suit was filed after Westborough, Mass.-based BJ's said its board of directors had unanimously agreed to accept a buyout proposal for $51.25 per share from Leonard Green & Partners and CVC Capital Partners. A spokesperson for BJ's could not be reached for comment. The investor who filed the ...
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