NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of BJ’s Wholesale Club, Inc. (NYSE: BJ) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to affiliates of Leonard Green & Partners, L.P. and CVC Capital Partners. Under the terms of the deal, BJ’s shareholders will receive $51.25 in cash per share.
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The investigation concerns whether the BJ’s Board of Directors breached their fiduciary duties to BJ’s stockholders by failing to adequately shop the Company before entering into this transaction and whether Leonard Green & Partners, L.P. and CVC Capital Partners are underpaying for BJ’s shares. According to Thomson/First Call, at least one analyst set a price target for BJ’s stock at $60.00 per share.
If you own common stock in BJ’s and wish to obtain additional information, please contact Vincent Wong, Esq. either via email firstname.lastname@example.org, by telephone at 212.584.2740, or visit http://www.wongesq.com/bjs-wholesale-club.html.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.