Planet Fitness enters 11th hour bid for bankrupt Blink Fitness
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Planet Fitness is making a last-minute bid to acquire the bankrupt budget-fitness chain Blink Holdings. This move comes after losing a previous bankruptcy auction to PureGym.
November 06, 2024 | 3:45 pm
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Planet Fitness is attempting a last-minute acquisition of bankrupt Blink Holdings, indicating a strategic move to expand its market presence after losing a previous auction.
The acquisition attempt by Planet Fitness suggests a strategic expansion effort, which could positively impact its stock price if successful. The news is highly relevant as it directly involves Planet Fitness's business strategy.
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