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Stock Market & Financial Investment News

News Breaks
July 28, 2014
07:24 EDTLTMLife Time Fitness downgraded to Neutral from Outperform at Wedbush
News For LTM From The Last 14 Days
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April 14, 2015
16:17 EDTLTMLife Time Fitness announces early termination of HSR waiting period
Life Time Fitness announced that it has received early termination of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to its proposed acquisition by affiliates of Leonard Green & Partners and TPG. As previously announced on March 16, the company has entered into a definitive merger agreement under which affiliates of Leonard Green & Partners and TPG will acquire Life Time in a transaction valued at more than $4B. Other key investors include LNK Partners and Life Time chairman, president and CEO, Bahram Akradi, who will remain in his role and has committed to make a rollover investment of $125 million in Life Time common stock. Under the terms of the merger agreement the investors will acquire all of the outstanding shares of Life Time Fitness common stock for $72.10 per share in cash. The merger is subject to approval from Life Time’s shareholders and other customary closing conditions. The transaction is currently expected to close in Q3.

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