LIFE TIME FITNESS SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Life Time Fitness, Inc. Over the Proposed Sale of the Company to Leonard Green & Partners and TPG Capital - LTM
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Life Time Fitness, Inc. (“Life Time Fitness” or the “Company”) (NYSE: LTM) for potential breaches of fiduciary duties in connection with the sale of the Company to Leonard Green & Partners and TPG Capital for more than $4 billion in a cash transaction. The Company’s stockholders will receive $72.10 for each share of Life Time Fitness common stock they own.
The investigation focuses on whether Life Time Fitness’ Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Life Time Fitness’ shareholders.
If you own common stock in Life Time Fitness and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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