Business
Why the Viva Leisure (ASX:VVA) share price has stormed 10% higher
The Viva Leisure Ltd (ASX: VVA) share price has been going gangbusters this morning following its Pinnacle clubs acquisition, and membership update.
Shares in the health club operator raced up 10.1% to an intraday high of $3.05 in mid-morning trade before retreating slightly to $3 at the time of writing.
Acquisition and membership update
The Viva Leisure share price is among the top performers on the ASX market today after the company reported two positive updates.
Firstly, the company advised it has completed the acquisition of 6 Pinnacle health clubs earlier than expected. With all conditions relating to the sale satisfactorily met, the formal takeover was brought forward from its original 10 March timeframe.
Viva Leisure said…
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