REIT plan on the table at Life Time Fitness

|About: Life Time Fitness, Inc. (LTM)|By:, SA News Editor

Life Time Fitness (NYSE:LTM) announces that it's exploring a potential conversion of its assets into a REIT.

The company says a new shareholder rights plan has been approved to limit ownership to 9.8% of shares so that the REIT plan can be implemented.

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