Fitbit (FIT) Has Not Received an Offer from ABM Capital, or Any Other Firm

November 10, 2016 1:25 PM EST

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Fitbit (NYSE: FIT) issued the following statement to StreetInsider.com in response to an SEC filing showing an offer from ABM Capital to acquire the company for $12.50/share. Traders immediately questioned the validity of the offer.

"Fitbit has not received any communication from ABM Capital, or any other firm, regarding a reported offer. As the leader in the connected health and fitness market, we remain focused on delivering innovative products consumers love and are confident in our vision for the future," a spokesperson said.



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