Fitbit (FIT) Shares Set to Open Higher
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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 (FIT) Hasn't Received Any Communication on Offer from ABM Capital - Reuters
November 10, 2016 1:15 PM ESTFitbit (NYSE: FIT) Hasn't Received Any Communication on Offer from ABM Capital - Reuters
... MoreFitbit 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