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The Law Firm of Weiss & Lurie Announces Investigation of BJ's Wholesale Club, Inc.NEW YORK --(Business Wire)-- Weiss & Lurie, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of BJ's Wholesale Club, Inc. (NYSE: BJ) arising from its proposed acquisition by affiliates of Leonard Green & Partners, L.P. and funds advised by CVC Capital Partners in an all cash transaction valued at approximately $2.8 billion. The transaction is expected to close in the fourth quarter of 2011. Under the terms of the transaction, BJ shareholders will receive $51.25 per share in cash for each BJ share. Weiss & Lurie is investigating whether BJ's Board acted in the best interests of its shareholders in approving the transaction and whether the Board properly sought to maximize shareholder value. BJ's exceeded analyst expectations of earnings per share of $0.56 on revenue of $2.81 billion for the first quarter 2012, reporting on May 18, 2011 EPS of $0.62 on revenue of $2.83 billion. Moreover, analysts have set price targets higher than the offer price, with one analyst setting a high target price of $60.00 per share pegged to BJ's stock. If you own BJ's shares and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Michael A. Rogovin either by email at [email protected] or by telephone at (888) 593-4771. Weiss & Lurie has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (such as insider trading, waste of corporate assets, accounting fraud, or issuing materially misleading press releases or SEC (News - Alert) filings), consumer fraud (such as false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected] or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/. Attorney Advertising. Past results do not guarantee a similar outcome.
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