Town Sports shareholders led by Farallon Capital cut stake to 20.1%

By Lisa Kerner

Charlotte, N.C., Nov. 16 - A group of Town Sports International Holdings, Inc. investors led by Farallon Capital Partners, LP sold 368,819 shares of the company's stock between Nov. 4 and Nov. 11 priced from $2.34 to $2.82 each, according to a schedule 13D/A filed on Monday with the Securities and Exchange Commission.

Farallon beneficially owns 4,552,565 shares, or 20.1%, of the company's outstanding stock.

New York-based Town Sports owns and operates fitness clubs in major metropolitan areas in the Northeast and Mid Atlantic.

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