Investor Sues BJ's Over Private-Equity Buyout Offer

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.

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 Partne

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