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.”

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