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