Apollo Seeks To Buy BJ’s Wholesale Club

Apollo Global Management is seeking to acquire warehouse retailer, BJ’s Wholesale Club.

Apollo Global Management is seeking to acquire warehouse retailer, BJ’s Wholesale Club, Reuters reports. Leonard Green & Partners was also looking to buy BJ’s and had entered a confidentiality agreement with the company.

The board of the club was considering a sale and other alternatives in February 2011 and had appointed Morgan Stanley to advise it on the process. BJ’s has a market capitalization of around $2.7 billion.

Click here for the story from Reuters.

Click here for additional coverage from The Wall Street Journal.