Private-equity firm Leonard Green & Partners reaches a confidentiality agreement with BJ's...

|About: BJ's Wholesale Club, Inc. (BJ)|By:, SA News Editor

Private-equity firm Leonard Green & Partners reaches a confidentiality agreement with BJ's Wholesale Club (BJ +2.6%) to discuss a possible deal to take the company private. Leonard Green, which has a 9.3% stake in the discount chain, has been actively involved in retail deals, including partnering with TPG to buy J. Crew.