Private equity firm Apollo Global Management LLC (APO.N) is eyeing warehouse retailer BJ's Wholesale Club Inc (BJ.N), which could fit with its Smart & Final chain, a source familiar with the matter said on Thursday. BJ's, the third-largest U.S. wholesale club retailer, has a market capitalization of about $2.7 billion. The company's shares rose 1.2 percent on Thursday to $51.57. Apollo's interest in BJ's was earlier reported by the New York Post. Apollo's interest could pit it against Leonard Green & Partners, which last month said it was evaluating whether to buy BJ's Wholesale Club and had entered into a confidentiality agreement with the company. Wholesale clubs charge customers a membership fee, in return for which customers can shop for deals on large quantities of everyday items such as food and toilet paper.
Apollo Global Management, LLC (Apollo) is a global alternative asset manager. Shares of APO traded higher by 0.22% or $0.04/share to $18.22. In the past year, the shares have traded as low as $17.65 and as high as $19.00. On average, 2892380 shares of APO exchange hands on a given day and today's volume is recorded at 34644.
BJ?s Wholesale Club, Inc. (BJ?s) is a warehouse club operator in the eastern United States. Shares of BJ traded higher by 1.08% or $0.55/share to $51.53. In the past year, the shares have traded as low as $36.19 and as high as $50.70. On average, 921186 shares of BJ exchange hands on a given day and today's volume is recorded at 1053242.
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