Planet Fitness Loses Bid to Acquire Blink Fitness Assets in Bankruptcy Court Decision [Yahoo! Finance]
Planet Fitness, Inc. (PLNT)
Last planet fitness, inc. earnings: 2/25 04:05 pm
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Source: Yahoo! Finance
a Delaware bankruptcy court rejected its final bids, according to court documents. Warning! GuruFocus has detected 7 Warning Signs with PLNT. During a 48-hour "challenge window," Planet Fitness made two last-minute proposals for the UK-based Blink last week, one valued at $142 million with a $28.4 million deposit and a second for $151 million with a $31 million deposit. While the second offer exceeded PureGym's $121 million offering, the first did not answer antitrust questions and needed papers to settle such issues. Since PureGym now runs just three sites in the United States, bankruptcy Judge J. Kate Stickles decided that a combination between PureGym and Blink would not generate anticompetitive problems. By contrast, the attempt of Planet Fitness to increase its U.S. presence was considered as perhaps anticompetitive. Originally trying to buy Blink's assets in the bankruptcy auction, Planet Fitness was turned down by the court because of possible antitrust concerns related
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PLNT
News
- Peloton Stock Skyrockets 159% in 3 Months: Is it Too Late to Buy? [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