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Wednesday, August 27, 2014

Life Time Fitness May Convert To REIT



Investors.com http://ift.tt/1vGz1Ij Life Time Fitness says that it's exploring converting to a real estate investment trust (REIT). The announcement drove shares up as much as 15% in early Monday trading. The owner-operator of more than 100 fitness and family recreation centers in the U.S. and Canada, Life Time Fitness (LTM) simultaneously adopted a "poison pill" shareholder rights plan that prohibits ownership of more than 9.8% of outstanding shares. The firm is studying whether to


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