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What’s Going On With Peloton Stock Today?

Peloton announced that it intends to offer $275 million worth of convertible senior notes due 2029 in a private offering to institutional investors. The company said it will grant the initial purchasers of the notes a 13-day option to purchase up to an additional $41.3 million aggregate principal amount of the notes.

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What’s Going On With Peloton’s Stock?

Peloton shares soared following a CNBC report Tuesday which said multiple private equity firms are considering a buyout of the company. According to the report, the company has discussed plans to go private with at least one firm and multiple private equity firms have expressed interest.

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