BJ - cannot solicit other proposals
-Deal a reverse-termination of $ 175 million to BJ if not completed mid-December in certain circumstances
-Banks to finance most of the purchase price over that Leonard Green will pay for game he already holds
(Updated with details of the agreement of merger and Leonard Green its participation in the fourth to the sixth paragraphs, declined comment of Apollo in eighth paragraph and the statement by the CEO of BJ to employees in the last paragraph).
NEW YORK (Dow Jones) - Wholesale Club Inc. (BJ BJ) accepted an offer of redemption of 2.82 billion of Leonard Green & Partners LP and CVC Capital Partners, a lower price than some speculation...
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