Wednesday, November 10, 2010

BJ's Wholesale Club Spikes On Buyout Rumor

Shares of BJ's Wholesale Club Inc. (NYSE: BJ) soared more than 10% on Wednesday after the New York Post reported that the warehouse retailer is close to hiring an adviser to explore strategic alternatives, including a possible sale to a private-equity firm. Lead candidates include Goldman Sachs and Morgan Stanley. Stay tuned for more.

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