BJ's Buyout Offer: $2.8 Billion

BJ's Wholesale Club has agreed to a takeover offer of $51.25 per share, or about $2.8 billion, from Leonard Green & Partners and CVC Capital Partners.

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

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