Planet Fitness enters 11th hour bid for bankrupt Blink Fitness [MSNBC.com]
Planet Fitness, Inc. (PLNT)
Last planet fitness, inc. earnings: 2/25 04:05 pm
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Source: MSNBC.com
Planet Fitness Now the U.S. chain, with a public market valuation of roughly $6.8 billion, is making another attempt.Equinox Group-owned gym chain Blink Fitnessfiled for bankruptcyLast week, PureGym won the bankruptcy auction for Blink and its assets, including 60 of its gyms in New York and New Jersey, with a bid of $121 million, according to bankruptcy filings.An acquisition of Blink locations would expand PureGym's U.S. operations after the company first entered the market in 2021.Planet Fitness's initial bid was rejected in part because of concerns around antitrust considerations, people familiar with the matter told CNBC. Planet Fitness already owns a significant share of the fitness club market with over 2,000 clubs in the U.S. according to estimates by Piper Sandler.In making a subsequent play for Blink, Planet Fitness has submitted two offers, according to the filings.One proposal offers $142 million for Blink's assets, including a $28.4 million deposit, provided that Planet F
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PLNT
News
- Planet Fitness Loses Bid to Acquire Blink Fitness Assets in Bankruptcy Court Decision [Yahoo! Finance]Yahoo! Finance
- Police investigate death of missing man found in tanning bed at Indianapolis Planet Fitness [MSNBC.com]MSNBC.com
- Planet Fitness loses 11th hour bid to acquire bankrupt Blink [MSNBC.com]MSNBC.com
- Planet Fitness loses 11th hour bid to acquire bankrupt Blink [CNBC]CNBC
- Man found dead in tanning bed at Planet Fitness in Indianapolis 3 days after he walked into the gym [FOX Business Network]FOX Business Network
PLNT
Earnings
- 11/7/24 - Beat
PLNT
Sec Filings
- 11/13/24 - Form SC
- 11/12/24 - Form SC
- 11/8/24 - Form SC
- PLNT's page on the SEC website