Bj's wholesale club puts itself up for sale The company based in westborough, mass., said Thursday that it is evaluating its strategic options and has hired Morgan Stanley as its financial adviser. Its stock beats headphones jumped. Bj's(Bj)Has been rumored as a possible takeover target since july, when leonard green partners bought a 9.5% stake.The los angeles private equity firm has reportedly expressed interest in purchasing the company. Leonard green partners is not new to retail buyouts, announcing in december that it would buy fabric and craft store chain joann stores for about $1.6 billion.It is also involved in the $3 billion deal for dr dre beats cheap j.Crew group inc. Some analysts have supported a bj's acquisition, saying it would likely help the regional warehouse club operator expand nationally. Bj's said it has not made a decision beats by dr dre outlet to pursue any specific deal or other strategic option.There is no guarantee the company's evaluation process will result in a sale and no timetable has been set for the process. Bj's, which has 189 warehouse clubs in 15 states, announced last month that it was closing five stores and cutting nearly 500 jobs. It also said that chief financial beats by dre pro officer frank forward would retire, a switch that has been under discussion since 2007.He will be replaced by robert eddy, bj's director of finance.This material may not be published, broadcast, rewritten or redistributed. beats headphonesjumped

Posted by: juyukad742 at 05:50 AM | No Comments | Add Comment
Post contains 244 words, total size 2 kb.