BJ's Wholesale Club Inc (BJ.N) may put itself up for sale, under pressure from a private equity firm that may make a hostile bid, and its shares jumped 13 percent. The company said its board decided to explore a sale and other alternatives, and that it had hired Morgan Stanley & Co (MS.N) to advise it in the process, confirming media reports from early November that an evaluation was under way. Private equity firm Leonard Green & Partners may make a hostile bid for BJ's, the New York Post reported in December. In July, a fund run by Green said it had taken a 9.5 percent stake in the company.
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