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Article: BALLY MANUFACTURING ACQUIRES 19 CALIFORNIA HEALTH CLUBS; COMPANY IS NOW LARGEST OPERATOR IN IT'S MOST PROFITABLE HEALTH CLUB MARKET
- Article from:
- PR Newswire
- Article date:
- September 14, 1992
CopyrightCOPYRIGHT 1992 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BALLY MANUFACTURING ACQUIRES 19 CALIFORNIA HEALTH CLUBS; COMPANY IS
NOW LARGEST OPERATOR IN IT'S MOST PROFITABLE HEALTH CLUB MARKET
CHICAGO, Sept. 14 /PRNewswire/ -- Bally Manufacturing Corporation (NYSE: BLY) announced today the acquisition of all the stock of So. Cal. Nautilus Fitness Centers, a California corporation which operates 19 fitness centers in the Southern California area. The facilities will be managed for Bally by its subsidiary, Bally's Health & Tennis Corporation. The shareholders of So. Cal. Nautilus received approximately 975,000 shares of Bally common stock,subject to certain adjustments.
As a result of the transaction, Bally's Health & ...