Life Time Fitness shareholder may seek changes, board representation

By Lisa Kerner

Charlotte, N.C., Nov. 24 - Life Time Fitness Inc. shareholders led by Green Equity Investors V, LP have had general discussions with the company's management but plan to have more "specific and substantive dialogue" in the future regarding ways to enhance shareholder value.

The discussions could include a going-private transaction, refinancing or new financings, strategic acquisitions, divestitures, joint ventures or other similar transactions, according to a schedule 13D filed with the Securities and Exchange Commission.

Green Equity, a 9.2% shareholder, said it may also seek representation on Life Time's board of directors.

Life Time Fitness operates multi-use sports and athletic, professional fitness, family recreation and resort and spa centers. The company is based in Chanhassen, Minn.

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