Deals
24 Hour Fitness Engages With Suitors Before Planned Bankruptcy
- Gym-chain operator skipped June 1 interest payment on bonds
- Company is working with an adviser to solicit buyer interest
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24 Hour Fitness Worldwide Inc. is in discussions with suitors as it seeks a potential buyer to serve as a stalking horse in a court-supervised bankruptcy process, according to people with knowledge of the matter.
The operator of more than 430 gyms is working with an adviser to solicit potential bidders ahead of a planned bankruptcy filing, said the people, who requested anonymity because the talks are private.