Wal-Mart and Albertsons Looking at BJ’s
By George Anderson
The Deal reports that Wal-Mart may have made a bid to buy the BJ’s Wholesale Club chain.
Investors are unhappy with BJ’s stock performance, with the current trading price at roughly 10 times earnings per share compared to 21 for rival Costco.
Albertsons is another rumored suitor of BJ’s. Andrew Wolf, analyst, BB&T Capital Markets said, “Of all the supermarket chains, Albertsons is the most interested in doing acquisitions, and they are also the most likely to want to do something outside of the supermarket arena.”
Moderator’s Comment: Is BJ’s a takeover target? Who
are the most likely suitors?
We can’t see the FTC agreeing to let Wal-Mart takeover
BJ’s. Albertsons or other grocery retailer shouldn’t face the same legal hurdles.
Anderson – Moderator]