Life Time Fitness Shareholder Alert – National Securities Law Firm Seeks Higher Price For Shareholders In Connection With Acquisition. Encourages Shareholders To Contact Law Firm For More Information
March 16, 2015
New York, New York
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Life Time Fitness, Inc. (NYSE: “LTM”) (“Life Time” or the “Company”) on behalf of its shareholders. Leonard Green & Partners and TPG announced that they, along with LNK Partners and Life Time Chairman, President and Chief Executive Officer, Bahram Akradi, will acquire the remaining shares of Life Time common stock that they do not already own for only $72.10 per share in cash.
Our investigation seeks to determine whether the offer price of only $72.10 per share unfairly under-values the true going forward inherent value of the Company and whether shareholders are not receiving the maximum value for their shares. The investigation further seeks to determine whether senior management of Life Time, in particular, Bahram Akradi, are acting in their own self-interests at the expense of shareholders. Akradi, who will remain in his role as Chairman, President and CEO, has committed to make a rollover investment of $125 million in Life Time.
If you are a shareholder of Life Time and would like additional information as to how the acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us toll free at 1-800-511-7037 or contact us via our website.
Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and, along with its affiliate, has recovered billions of dollars for shareholders in securities actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the “50 Elite Trial Lawyer Firms” and one of the “50 Leading Plaintiff Firms in America.” Attorney advertising. Prior results do not indicate a similar outcome.