June 8, 2011
Report: Two Firms May Buy BJ's Wholesale Club
By Brandon Butler
Two investment firms have teamed up to launch a bid to purchase Westborough's BJ's Wholesale Club, according to a report by the New York Post.
Firms Leonard Green & Partners and CVC Capital Partners are reportedly set to offer $2.8 billion to purchase the club retailer, according to the Post.
Rumors that BJ's Wholesale could be sold have been circulating for months. In March, the company announced in an SEC filing that it entered into a "confidentiality agreement" with Leonard Green to evaluate a possible purchase.
A company representative for BJ's Wholesale Club said it is not commenting on potential buyout discussions.
Read the report from the New York Post here.
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