Bally Hands 171 Fitness Clubs To Rival For $153M

Law360, New York (November 18, 2011, 5:28 PM EST) -- Bally Total Fitness Holding Corp. will sell 171 of its fitness clubs to rival LA Fitness LLC for $153 million, a move that will allow it to focus on clubs in its core markets and strengthen its balance sheet, the company announced Friday.

The sale to LA Fitness affiliate Fitness International LLC, which Bally expects to be completed Nov. 30, will leave Bally with 100 fitness clubs across the U.S., company spokesman Larry Larsen said.

Both parties filed premerger notifications with the U.S. Federal Trade Commission...
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