Blink Fitness Receives Court Approval for Sale [Yahoo! Finance]
Moelis & Company Class A (MC)
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Source: Yahoo! Finance
An affiliate of JTRE Holdings LLC to acquire Blink's Chicago Houston , and California locations Sale expected to close later this year NEW YORK Nov. 12, 2024 /PRNewswire/ -- Blink Fitness ("Blink" or the "Company"), the affordable fitness brand known for its commitment to an inclusive and inviting environment, today announced that the U.S. Bankruptcy Court has approved the sale of Blink's corporate operations and New York and New Jersey locations to PureGym. On November 7, 2024 , the Court also approved the sale of Blink's Chicago Houston , and California locations to an affiliate of JTRE Holdings LLC ("JTRE"). "We are pleased to have reached another milestone in our sale process, and look forward to emerging an even stronger business, under new ownership that believes in the value of our mission," said Guy Harkless , President and Chief Executive Officer of Blink Fitness. "We are excited to continue our work to position the business and various gyms for long-term success, as w
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News
- Moelis & Company (NYSE: MC) was upgraded by analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating. They now have a $86.00 price target on the stock, up previously from $71.00.MarketBeat
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MC
Earnings
- 10/23/24 - Beat
MC
Sec Filings
- 12/4/24 - Form 4
- 12/4/24 - Form 4
- 12/4/24 - Form 4
- MC's page on the SEC website