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

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.

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Potter Anderson & Corroon LLP is one of the largest and most highly regarded Delaware law firms, providing legal services to regional, national, and international clients. With more than 100 attorneys, the firm centers its practice on corporate and alternative entity law and litigation, commercial litigation, bankruptcy, intellectual property, labor and employment, and real estate.