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WESTBOROUGH, MA-Locally based BJ’s Wholesale Club (NYSE: BJ) has a new owner. Los Angeles-headquartered Leonard Green & Partners, L.P. is acquiring the retail wholesale store for $2.8 billion in conjunction with CVC Capital Partners. The transaction will be an all-cash deal and represents a $51.25 per share payout for shareholders, a 38% premium over BJ’s June 30, 2010 closing stock price. That day the deal was agreed upon by the interested parties. This morning’s stock price clocks in at $48.08.

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