<p>BJ’s Wholesale Club has announced its official acquisition by the private equity firms Leonard Green & Partners and CVC Capital Partners for an all-cash deal of $2.8 billion. Despite nationwide economic instability, the company founded in 1984 is the nation’s third largest warehouse club operator with 190 warehouse clubs in 15 states. The company’s achievements in the face of the U.S. recession, is making BJ’s a promising acquisition.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">The company’s board of directors agreed to the transaction in June 2011, and 72% of its stockholders approved the decision at a meeting held on September 9, 2011. As a result, stockholders will receive $51.25 per share of the company’s common stock. The companies stated that BJ’s common stock was delisted from the New York Stock Exchange on Monday, October 3, 2011.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>www.bjs.com</p><hr class="legacyRuler"><hr class="invisible minimal-padding">
