NEW YORK, NY / ACCESSWIRE / December 11, 2018 / Weight loss companies Nutrisystem and Weight Watchers were both seeing big gains on Monday. Weight Watchers officially launched new digital innovations for its Weight Watchers Digital member experience while traders learned that Nutrisystem will be acquired by Tivity Health for around $1.4 billion.
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Weight Watchers International, Inc.
Nutrisystem, Inc. shares closed up 27.72% on about 12.8 million shares traded yesterday. The stock's average trading volume is only around 667,000 shares. The big gains came after Wall Street learned that Nutrisystem has agreed to be acquired by Tivity Health Inc. for roughly $1.4 billion. The merger has been approved by both companies. "Today marks an important milestone in Nutrisystem's 45-year history, as through this transaction, we will become part of a leading health and wellness company that will offer a broad range of nutrition, fitness and social engagement solutions to our customers. This transaction will provide our shareholders with significant value and the opportunity to participate in the upside potential of the combined company through ownership of Tivity Health stock," said Dawn Zier, President and Chief Executive Officer of Nutrisystem. Zier added, "Tivity Health and Nutrisystem share a common strategic vision, mission and culture, and we look forward to working with the Tivity Health team to take the combined organization to the next level."
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Weight Watchers International, Inc. shares closed up nearly 6% on Monday with roughly 2.1 million shares traded. The company saw its shares rise on news that it has officially launched new digital innovations to enhance the WW Digital member experience. The company has also partnered with Aaptiv, a leading provider of premium digital fitness content with the number one audio fitness app. Through this partnership, the Weight Watchers app will include a selection of on-demand audio workouts customized for WW members, led by Aaptiv's expert personal trainers and set to motivating playlists. "Our new partnerships and digital innovations will revolutionize the way people experience WW Freestyle, allowing for a more personalized, holistic wellness ecosystem," said Mindy Grossman, President and Chief Executive Officer at WW. She added, "The products, experiences, and programs we continue to provide help people build healthy behaviors that fit into their lives and advance our goal of making wellness accessible to all." Aaptiv founder and CEO Ethan Agarwal said, "We are excited to partner with WW because we share the same mission of empowering everyone to live a healthier life. We've transformed how Aaptiv members work out through our world-class fitness content and training, and we look forward to providing WW members with a glimpse into the Aaptiv experience."
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