A disgruntled shareholder wants to whip $280 million market cap Bally Total Fitness Corp. into M&A shape, and at least one analyst said a private equity firm could step up for the fitness club operator. Burke Koonce, an equity analyst with Merrill Lynch, said, “the Bally name and membership base is attractive,” and would probably catch the eye of a financial buyer. He added, though, that he did not know of any firms with an immediate interest in the company.
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