Planet Fitness (PLNT) submitted a last-minute bid to acquire bankrupt gym chain Blink, which accepted a $121M offer from UK-based Pure Gym last week, the New York Post’s Taylor Herzlich reports, citing sources. Planet Fitness made two larger offers, $141M if no premerger regulatory filings were required, and $153M if Planet Fitness had to submit the paperwork.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter