BJ’s Wholesale Club Surges After Saying Company May Be Sold
by Hugh Collins on Feb.03, 2011, under Towing
Retailer BJ’s Wholesale Club (BJ) jumped in premarket trading after announcing that it is considering putting itself up for sale.
The stock jumped 13.35% to $48.74 a share at 8:12 am ET.
BJ’s has hired Morgan Stanley & Co. (MS) to advise on options including a sale, the company said in a statement. There is no timetable for any deal, or any guarantee that a transaction will be completed.
“The…
Continue reading BJ’s Wholesale Club Surges After Saying Company May Be Sold
BJ’s Wholesale Club Surges After Saying Company May Be Sold originally appeared on DailyFinance on Thu, 03 Feb 2011 08:15:00.
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