Moray bid for Fitness First goes unconditional | Leisure Opportunities
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Moray bid for Fitness First goes unconditional

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Moray, a company formed by private equity group, Cinven, has announced its recommended cash offer for health club chain, Fitness First is now unconditional.

Valid acceptances representing about 75.5 per cent of Fitness First’s issued share capital have been received by Moray in respect of its175p per share offer.

As a result, application will be made to the London Stock Exchange for the cancellation of the listing of Fitness First’s shares. It is anticipated that this will take effect early next month.

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Moray, a company formed by private equity group, Cinven, has announced its recommended cash offer for health club chain, Fitness First is now unconditional.
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