Leonard Green, CVC complete BJ's acquisition
By Allison Cerra
WESTBOROUGH, Mass. — BJ's Wholesale Club officially is owned by Leonard Green & Partners and CVC Capital Partners, just a few weeks after the retailer's stockholders approved the agreement.
BJ's was required in an all-cash transaction valued at $51.25 per share, or $2.8 billion.
BJ’s common stock will be delisted from the New York Stock Exchange prior to the opening of business on Monday, Oct. 3, the companies said.
The deal was announced in late June after months of speculation. BJ’s board of directors unanimously approved the agreement.