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Peloton Shares Soar After Company Announces $420 Million Deal for Fitness Equipment Maker Precor

Its stock jumped more than 8% in after-hours trading.
Demand for Peloton s exercise equipment has surged during the coronavirus pandemic, straining its supply chain, as consumers look to work out at home during the pandemic.
As part of the deal, Peloton will acquire Precor s factories in Whitsett, North Carolina, and Woodinville, Washington, which combined have more than 625,000 square feet of manufacturing space. The deal also boosts Peloton s product development efforts, by adding nearly 100 research-and-development employees to its existing staff.
The deal is expected to close in early 2021. Once it is completed, Precor will operate as a business unit within Peloton, the company said. ....

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Peloton Makes Biggest Purchase With $420 Million Deal for Precor

Peloton Makes Biggest Purchase With $420 Million Precor Deal
Bloomberg
12/22/2020
Mark Gurman and Jason Kelly
© Bloomberg
Peloton Interactive Inc. stationary bicycles sit on display at the company s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. The stakes are high for Peloton as it heads into its first holiday season as a publicly traded company. Peloton projected sales of $410 million to $420 million for the quarter ending Dec. 31, up about 60% from the same quarter a year earlier.
(Bloomberg) Peloton Interactive Inc. agreed to buy fitness-equipment company Precor for $420 million to gain U.S. manufacturing capabilities and new expansion opportunities. ....

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Peloton Makes Biggest Purchase With $420 Million Precor Deal

Peloton Makes Biggest Purchase With $420 Million Precor Deal
Bloomberg
12/22/2020
Mark Gurman and Jason Kelly
© Bloomberg
Peloton Interactive Inc. stationary bicycles sit on display at the company s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. The stakes are high for Peloton as it heads into its first holiday season as a publicly traded company. Peloton projected sales of $410 million to $420 million for the quarter ending Dec. 31, up about 60% from the same quarter a year earlier.
(Bloomberg) Peloton Interactive Inc. agreed to buy fitness-equipment company Precor for $420 million to gain U.S. manufacturing capabilities and new expansion opportunities. ....

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11 things you may not know about dressage star Sonnar Murray-Brown

Credit: Peter Nixon
Sonnar Murray-Brown is one of Britain’s most exciting up-and-coming dressage stars, currently scoring top placings at international grand prix with his Latimer gelding Erlentanz TSF. Let’s find out more about him.
1. Sonnar Murray-Brown was born in 1988 near Chichester in West Sussex. His parents were not horsey his father ran an outdoor education centre while his mother is an assistant headteacher, and the family’s main sporting interest when Sonnar was young was sailing.
2. His first pony was called Polo, and was bought unbacked for £250. “We had no transport and had to lead him home along the main road,” recalls Sonnar. ....

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Lucinda Williams - Little Honey Dig (13 tracks) +Album Reviews

Lucinda Williams

Real Love
It s A Long Way To The Top
Lucinda Williams has always been adept at painting landscapes of the soul, illuminating the spirit s shadowy nooks and shimmering crannies but she s never captured the sun breaking through the clouds as purely as on her.
more » new Lost Highway release, Little Honey The album features a duet with Elvis Costello Jailhouse Tears Other guest vocalists include Matthew Sweet, Susanna Hoffs, Jim Lauderdale, Tim Easton and Charlie Louvin. The first single Real Love is available for download in the Amazon MP3 store.
Re-Release Date: 10/14/2008
Album Description
Lucinda Williams has always been adept at painting landscapes of the soul, illuminating the spirit s shadowy nooks and shimmering crannies but she s never captured the sun breaking through the clouds as purely as on her new Lost Highway release, Little Honey The album features a duet with Elvis Costello Jailhouse Tears ....

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