Planet Fitness loses 11th hour bid to acquire bankrupt Blink [CNBC]
Planet Fitness, Inc. (PLNT)
Last planet fitness, inc. earnings: 2/25 04:05 pm
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Source: CNBC
A Delaware bankruptcy court judge said accepting PureGym's offer would avoid antitrust risks. Planet Fitness lost its bid in bankruptcy court to acquire budget fitness chain Blink Holdings, according to court filings viewed by CNBC. Planet Fitness placed its competing eleventh hour bids early this month during a 48-hour challenge window. The two higher bids came after it lost out in bankruptcy auction to U.K.-based, privately held fitness chain PureGym. Late Tuesday, Delaware's bankruptcy court formally accepted PureGym's $121 million offer, which initially won at auction in late October. J. Kate Stickles, bankruptcy judge in the U.S. Bankruptcy Court of Delaware, said in Tuesday's hearing that PureGym's offer would avoid antitrust risks. The company only operates three locations in the U.S., which it first entered in 2021. PureGym's offer, assuming Blink's liabilities, also comes with 60 of Blink's fitness centers still operating in New York and New Jersey. “PureGym is c
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- 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
- 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