Monday, August 30, 2010

Virgin Active Shelves $1.6 Billion Plan for London IPO, Sunday Times Says

“Virgin Active Holdings Ltd., the health club owned by billionaire Richard Branson, has decided against a 1 billion-pound ($1.6 billion) initial public offering of its shares in London, the Sunday Times said, citing unidentified sources. The company had been considering its options for the business, including a sale to a private-equity firm, the newspaper said. Virgin declined to comment, the newspaper said.”

http://www.bloomberg.com/news/2010-08-29/virgin-active-shelves-1-6-billion-plan-for-london-ipo-sunday-times-says.html?dbk

No comments: