BJ’s Wholesale Markets has entered into final agreements to be acquired by a company called Leonard Green and Partners (LGP) and CVC. The transaction will be an all-cash transfer at about 2.8 billion dollars, or $51.25 a share. The merger is still subject to the approval of BJ’s shareholders, but has been endorsed by every member of the board of directors, who met in February to explore alternative strategies. The BJ’s markets will continue to operate according to their usual standards for quality products and services, and will use the merge as an opportunity to develop even further. Jonathan Seiffer, Partner of LGP stated’ "BJ's is the clear leader in the wholesale club industry in the eastern United States with strong brand equity and a proven and successful strategy. We are pleased to partner with Laura and the management team and look forward to the next phase of the Company's growth." Looks like BJ’s Markets is a pretty good buy.<hr class="legacyRuler"><hr class="invisible minimal-padding">
