A competitive auction for Rite Aid’s PBM business was canceled on December 21, while the company’s attorney will continue to seek offers for the retail stores at auction.
Proceeds from this strategic investment were partially used to fund the acquisition of Silixa, a UK-based provider of fiber optic systems and solutions.
CHICAGO, March 22 (Reuters) – Leonard Green & Partners is evaluating whether to buy BJ’s Wholesale Club Inc and has entered into a confidentiality agreement with the retailer, pushing its shares up 2.6 percent in early Tuesday trading. In February, BJ’s Wholesale said that its board had decided to explore a sale and other alternatives, […]
Private equity firm Leonard Green & Partners, which is considering a takeover of BJ's Wholesale Club Inc., has entered into a confidentiality agreement with the retailer, Reuters reported. BJ’s Wholesale announced in February that it was exploring the possibility of a sale. BJ's is the third-largest U.S. wholesale club retailer behind Costco Wholesale Corp. and Sam's Club, which is a unit of Wal-Mart Stores Inc., Reuters reported.
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