Planet Fitness loses 11th hour bid to acquire bankrupt Blink [MSNBC.com]
Planet Fitness, Inc. (PLNT)
Last planet fitness, inc. earnings: 2/25 04:05 pm
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Source: MSNBC.com
In this articleIn an aerial view, customers leave a Planet Fitness gym on May 09, 2024 in Richmond, California.Justin Sullivan | Getty ImagesPlanet Fitness placed itscompeting eleventh hour bidsLate 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 committed to ensuring continuity of service for Blink's members in New York and New Jersey by maintaining the high-quality fitness experience that Blink members have come to expect," said PureGym CEO Humphrey Cobbold when the companyinitially made"The American fitness market is th
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PLNT
Earnings
- 11/7/24 - Beat
PLNT
Sec Filings
- 12/9/24 - Form 4
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- PLNT's page on the SEC website