- F45 Training ( NYSE: FXLV ) jumped 26% in premarket trading after holder Kennedy Lewis Management offered to purchase the fitness studio firm for $4/share in cash.
- Kennedy Lewis on Friday offered a non-binding proposal to the board of F45 ( FXLV ) to acquire the company for $4/share, according to a 13D filing. Kennedy Lewis has a 14.6% stake in FXLV. The $4 bid represents an 83% premium to F45's closing price on Thursday. Kennedy Lewis said it has the ability to finance the all-cash proposal and that a definitive agreement wouldn't include a financing condition.
- Developing story ...
For further details see:
F45 Training surges 26% after getting $4/share takeover offer