Fitbit (FIT) Hasn't Received Any Communication on Offer from ABM Capital - Reuters
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Fitbit (FIT) Shares Set to Open Higher
November 11, 2016 8:39 AM ESTFitbit (NYSE: FIT) shares were poised to open higher by 4% Friday morning.
Fitbit (FIT) Has Not Received an Offer from ABM Capital, or Any Other Firm
November 10, 2016 1:25 PM ESTFitbit (NYSE: FIT) issued the following statement to StreetInsider.com in response to an SEC filing showing an offer from ABM Capital... More
Fitbit rises on purported bid, company says received no offer
November 10, 2016 1:07 PM EST(Reuters) - Shares of Fitbit Inc (NYSE: FIT) jumped as much as 8 percent after a previously unknown entity calling itself ABM Capital Ltd said it had offered to buy the wearable device maker but gave up some of those gains after the company denied receiving any offer.
Fitbit said it had not received any communication from ABM Capital or any other firm regarding a reported offer, a spokesperson for the company said in an email.
Reuters was not able determine the veracity... More
Mizuho 'Skeptical' of Fitbit (FIT) Offer from ABM Capital
November 10, 2016 12:49 PM ESTMizuho Securities analyst Betty Chen weighed in on Fitbit (NYSE: FIT) amid news of ABM Capital filing a tender offer for $12.50/share. The firm said they skeptical of a deal consummating given legitimacy concerns around ABM Capital.
Additionally, Chen said FIT's... More
ABM Tender for Fitbit (FIT) Questioned by Traders
November 10, 2016 11:07 AM ESTABM's tender for Fitbit (NYSE: FIT) was questioned by traders. Some doubted its validity.
... MoreFitbit (FIT) Gains as ABM seeks Tender at $12.50/Share
November 10, 2016 11:05 AM ESTFitbit (NYSE: FIT) gained after an SEC filing by ABM Capital regarding a $12.50 tender.
This filing relates solely to preliminary communications made before the commencement of a potential tender offer by ABM Capital LTD ("Purchaser") for all of the outstanding Class A... More
Fitbit (FIT) Halted on Circuit Breaker
November 10, 2016 11:02 AM ESTFitbit (NYSE: FIT) Halted on Circuit Breaker
... MoreUPDATE: Fitbit (FIT) Trading Paused Amid Buyout Chatter
November 10, 2016 11:02 AM EST(Updated - November 10, 2016 11:04 AM EST)
Fitbit (NYSE: FIT) trading paused for volatility.
UPDATE - Market chatter has a $12.50/share buyout offer being made by ABM Capital. The following was filed with the U.S. SEC late Wednesday:
This filing relates... More
