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Wholesale BJ's

29 June 2011 By Lisa Lee

One year after LBO firm Leonard Green first approached the U.S. wholesale retailer, its board agreed to a $2.8 bln takeover. While the $51.25 a share offer compares to a yearago $37 stock price, it actually lags the performance of rival Costco in the period. BJ’s board blew it.

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