Report: BJ’s Wholesale may face hostile bid from Leonard Green & Partners

New York City -- BJ’s Wholesale Club is in the sights of private equity firm Leonard Green & Partners, which may pursue a hostile bid for the chain, according to The New York Post.



The Los Angeles-based buyout firm may make a bid if no auction occurs in coming weeks, the report said, citing an unidentified person close to the situation. BJ’s planned an auction to sell itself after an earlier bid from Leonard Green, according to the newspaper.



Bloomberg News reported in November that B.J.’s had hired Morgan Stanley to advise on a possible selling of the company