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  • Apr 16, 2024

      Show headlines and story abstract
    • 11:40AM ET on Tuesday Apr 16, 2024 by Dow Jones
      Companies Mentioned: BFXXQ

      1140 ET - A bankruptcy court approves the sale of substantially all of the assets of BowFlex to specialty fitness retailer Johnson Health Tech for $37.5 million after no better bid emerges for the bankrupt home-fitness company. Taiwan's Johnson last month agreed to act as the stalking horse bidder in the court-supervised auction as BowFlex filed for chapter 11 bankruptcy, with BowFlex stating at the time that multiple parties had indicated an interest in bidding. However, BowFlex says in an SEC filing that it received no competing qualifying offers during a marketing and sale process. The sale is slated to close next week. (colin.kellaher@wsj.com)

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