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BowFlex Inc. Sale Approved
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The U.S. Bankruptcy Court in New Jersey greenlights BowFlex Inc.'s asset sale to Johnson Health Tech for $37.5 million in cash, scheduled to conclude by April 22, 2024.
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How might this acquisition impact the fitness equipment market?
In what ways could this purchase agreement reshape Johnson Health Tech's business strategy?
What factors led to BowFlex Inc. resorting to a sale of assets?
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