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Why F45 Training's Stock Soared on Friday

Why F45 Training's Stock Soared on Friday

F45 Training got an acquisition offer from Kennedy Lewis Investment, according to a Friday morning filling with the Securities and Exchange Commission. Kennedy Lewis believes the business will be more valuable operating as a private company, and so it is considering purchasing F45 Training for $4 per share in cash. Executives described it as a non-binding proposal, after all, or more of a preliminary notice of interest.