Published • loading... • Updated
Life Time Announces Share Repurchase of Common Stock
Life Time will fund the repurchase with cash on hand as 10,962,500 shares change hands in separate private transactions.
- On Tuesday, Life Time Group Holdings announced an agreement to purchase 2,192,500 shares for $62,705,500, while an affiliate of Atairos Group agreed to acquire 8,770,000 shares for $250,822,000.
- Following the closings, funds associated with Leonard Green, TPG Inc., and Partners Group will retain approximately 8.5%, 6.1%, and 1.3% of the Company's common stock respectively.
- Atairos, an independent strategic investment company launched in 2016, manages over $6 billion of equity capital with offices in New York City and Philadelphia.
- The Investor Purchase will settle in two tranches, with the second tranche pending satisfaction of customary closing conditions, including the Hart-Scott-Rodino Antitrust Improvements Act waiting period expiration.
- Life Time operates more than 190 athletic country clubs across the USA and Canada, employing over 45,000 team members within an ecosystem serving people ages 90 days to 90+ years.
Insights by Ground AI
28 Articles
28 Articles
Life Time announces $62.71M share repurchase and strategic investor en
Life Time Group Holdings (LTH) announced its plan to buy 2.19M shares of its common stock for $28.60 each, totaling $62.71M, from certain existing stockholders, including affiliates of Leonard Green & Partners, TPG Inc., and Partners Group ((USA)) Inc.
·United States
Read Full Article
abc12/WJRT+26 Reposted by 26 other sources
Life Time Announces Share Repurchase of Common Stock
·Flint, United States
Read Full ArticleCoverage Details
Total News Sources28
Leaning Left1Leaning Right2Center17Last UpdatedBias Distribution85% Center
Bias Distribution
- 85% of the sources are Center
85% Center
C 85%
Factuality
To view factuality data please Upgrade to Premium
