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Peloton Soars After Reports of Takeover Interest

  • Exercise company has sizable short interest in its stock
  • The New York-based firm is said to be working with an adviser
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Peloton Gets a Boost From Reports of Takeover Interest
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Peloton Interactive Inc. soared 31% on Monday after reports that it’s exploring takeover options, a move that could test investors who are holding short positions. 

The New York-based fitness and lifestlye company is working with an adviser after an earlier plunge in Peloton’s shares made it a takeover target, according to people familiar with the matter, who asked not to be identified because discussions are private. The takeover interest is exploratory and may not lead to a transaction, they said.