WESTBOROUGH, Mass. — BJ's Wholesale Club here said Wednesday it has agreed to a takeover offer of $51.25 per share, or about $2.8 billion, from Leonard Green & Partners and CVC Capital Partners. The offer had been disclosed last week, but the specific share price had not. The all-cash offer represents a 7% premium to the shares' trading price on Tuesday. BJ's said its board of directors has unanimously approved the transaction. "BJ's will benefit from the continued execution of our ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

Why Register for FREE?

Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick.  What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
 

Click here to read the FAQ page if you have any questions (opens in a new window)
 

Attention Paid Print Subscribers:  While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.