Sherborne Buys More Nautilus Stock
advertisement
Interact With Us
Best of 2011
Top Stories of 2011
The most popular stories of 2011. Did your favorites make our list?
Resource Center
Buyers Guide
Find industry businesses by product or service categories, view company profiles and more.
Club Industry Trade Show
Club Industry Show and Conference, held each October, is the premier event for fitness and wellness professionals. Find out more about Exhibitors, Events, and Education.
Industry Events & Trade Shows
The industry-wide calendar features listings for educational events, trade shows and more.
Classifieds
View classified ads for health club equipment and services, plus business opportunities and job postings.
Current Issue
Read stories from the latest print issue of Club Industry magazine.
Club info and News
Read news about some of the biggest names in the industry.
- 24 Hour Fitness
- Anytime Fitness
- Bally Total Fitness
- Crunch Fitness
- Club One
- Curves
- Equinox
- Gold's Gym
- Health Fitness Corp.
- LA Fitness
- Life Time Fitness
- Lifestyle Family Fitness
- Planet Fitness
- Plus One Management
- Powerhouse Gyms
- Snap Fitness
- Spectrum Athletic Clubs
- Sport & Health
- Town Sports International
- Sports Club Co.
- Urban Active
- Wellbridge
- Western Athletic Clubs
- World Gym
E-Newsletter Signup
Breaking news on the industry, people on the move, mergers and acquisitions and much more. Delivered weekly.
VANCOUVER, WA -- Sherborne Investors, which gained control over the board of Nautilus Inc. in a proxy fight last year, has increased its stake in the Vancouver, WA-based company.
Sherborne now holds about 9.4 million shares of Nautilus stock, according to the Puget Sound (WA) Business Journal. Sherborne has increased its ownership of Nautilus stock from 26.7 percent in April to 30.8 percent.
The investor group bought an additional 950,000 shares between Nov. 7 and Nov. 13 at prices ranging from $1.79 per share to $2.33 per share, the newspaper reports. Shares of Nautilus stock have a 52-week high of $7.12 per share.
Edward Bramson led the proxy fight last December as Sherborne, which owned 23.5 percent of Nautilus stock at the time, won four of the seven board positions in the December shareholder election. Two of the seats were Sherborne partners, and two were independent directors nominated by Sherborne. Bramson was named to replace Robert Falcone as CEO in March.
Want to use this article? Click here for options!
© 2012 Penton Media Inc.
Acceptable Use Policy blog comments powered by Disqus