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Potter Anderson Represents Independent Directors in BJ’s Wholesale Club Deal

June 29, 2011

Potter Anderson & Corroon, led by partners Mark A. Morton and John F. Grossbauer and associate Cara M. Grisin, represented a committee of independent directors of BJ’s Wholesale Club, Inc., in connection with the company’s agreement to be sold to Leonard Green & Partners, L.P. and CVC Capital Partners.  Under the terms of the agreement, BJ's shareholders will receive $51.25 per share in cash for each share of BJ's common stock they hold.  The all-cash transaction values the company at approximately $2.8 billion and is expected to close later this year.