Life Time Announces Share Repurchase and Private Sale to Atairos Affiliate
Life Time Group Holdings (NYSE: LTH) announced a $62.7 million share repurchase of 2.19 million shares at $28.60 per share and a $250.8 million private sale of 8.77 million shares to an affiliate of Atairos Group, Inc. The transactions involve existing stockholders including Leonard Green & Partners, TPG Inc., and Partners Group (USA) Inc. The repurchase is funded with cash on hand and is part of a board-approved program.
Topics: corporate finance ownership change private transaction stock repurchase