AGREEMENT AND PLAN OF MERGER Dated as of March 15, 2015 among LIFE TIME FITNESS, INC. LTF HOLDINGS, INC. and LTF MERGER SUB, INC.Merger Agreement • March 16th, 2015 • Life Time Fitness, Inc. • Services-membership sports & recreation clubs • Minnesota
AGREEMENT AND PLAN OF MERGER (this “Agreement”), dated as of March 15, 2015, among Life Time Fitness, Inc., a Minnesota corporation (the “Company”), LTF Holdings, Inc., a Delaware corporation (“Parent”), and LTF Merger Sub, Inc., a Minnesota corporation and a wholly owned Subsidiary of Parent (“Merger Sub”).
LIFE TIME FITNESS ENTERS INTO DEFINITIVE AGREEMENT TO BE ACQUIRED BY AFFILIATES OF LEONARD GREEN & PARTNERS AND TPG Other Critical Investors Include LNK PARTNERS and Bahram Akradi, who has Committed to Invest $125 Million and Remain Life Time...Acquisition Agreement • March 16th, 2015 • Life Time Fitness, Inc. • Services-membership sports & recreation clubs
CHANHASSEN, Minn. (March 16, 2015) – Life Time Fitness, Inc. (NYSE: LTM), The Healthy Way of Life Company, along with Leonard Green & Partners and TPG, today announced that they have entered into a definitive merger agreement under which affiliates of Leonard Green & Partners and TPG will acquire Life Time in a transaction valued at more than $4.0 billion. Other key investors include LNK Partners and Life Time Chairman, President and Chief Executive Officer, Bahram Akradi, who will remain in his role and has committed to make a rollover investment of $125 million in Life Time common stock.
