financetom
Forex World Market Business Cryptocurrency Commodities MAP
financetom
Business
financetom
/
Business
/
BowFlex Files for Chapter 11 Bankruptcy, Secures $37.5 Million Stalking Horse Bid
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
BowFlex Files for Chapter 11 Bankruptcy, Secures $37.5 Million Stalking Horse Bid
Mar 5, 2024 1:27 AM

04:09 AM EST, 03/05/2024 (MT Newswires) -- BowFlex ( BFX ) said Monday it has filed for Chapter 11 bankruptcy and secured an agreement with Johnson Health Tech Retail to offer a minimum stalking horse bid of $37.5 million cash in a sale of the company.

The exercise equipment company, formerly known as Nautilus, also said it has secured $25 million in credits to allow the company to continue operating while proceeding with the restructuring.

Price: 0.19, Change: -0.01, Percent Change: -5.13

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
This bank will cut bonus if employees don't come back to work
This bank will cut bonus if employees don't come back to work
Nov 22, 2023
ANZ managers have informed their respective teams about the new policy this week in generic emails, reaffirming the bank's expectation that staff devote at least half their working hours in the office each month, afr.com reported.
 IMF warns Europe against prematurely declaring victory over inflation
IMF warns Europe against prematurely declaring victory over inflation
Nov 8, 2023
The Washington-based IMF said that cost of underestimating inflation’s persistence could be painfully high and result in another painful round of rate hikes that could rob the economy of a large chunk of growth.
 Pakistan's national carrier resorts to flight cancellation owing to non-payment of dues
Pakistan's national carrier resorts to flight cancellation owing to non-payment of dues
Oct 23, 2023
The airline, which was once considered the pride of Pakistan and was the first international airline to be given access to fly to Beijing, is said to be suffering millions in losses on a daily basis.
 Mahindra, Volvo among corporations pushing for fossil fuel exit at COP28
Mahindra, Volvo among corporations pushing for fossil fuel exit at COP28
Oct 23, 2023
Companies are increasingly committing to their own timelines for reducing their emissions, but many acknowledge that their ability to slow planet-warming CO2 emissions is contingent on faster action from governments.
About
Terms and Conditions Privacy policy Cookie Settings Contact Us
Services
Login register
financetom Market Personal Finance Business Economy Cryptocurrency MAP
Links
zpostcode Recruit weather mreligion Yellowpages sport constellation shopping name game directory literature Word tour furnish Lottery tftnews lyrics News digital car dir Edu Finance
Copyright 2023-2026 - www.financetom.com All Rights Reserved