BJ's shareholders OK acquisition

Westborough, Mass. -- BJ’s Wholesale Club said Friday that its shareholders have OK'd the acquisition bid that will take the company private.

Private equity firms Leonard Green & Partners and CVC Capital Partners agreed to acquire the warehouse club operator in a deal valued at $2.8 billion.

According to BJ’s, 72% of its shareholders approved the bid. The deal is slated to close on or about Sept. 30.