BFX Stock Alert: BowFlex Just Filed for Ch. 11 Bankruptcy

BowFlex (NYSE:BFX) stock is a hot topic among traders on Wednesday after the home fitness and workout equipment company filed for Chapter 11 bankruptcy protection.According to the company’s press release over the bankruptcy BowFlex already has a stalking horse bid agreement with Johnson Health Tech Retail to acquire all of its assets as part of the process. That would see it pay $37.5 million for the failed company’s assets.BowFlex CEO Jim Barr said the following about the bankruptcy filing.“As a result of ...