FitBit got a takeover offer but it looks fishy

Advertisement

The ticker symbol for Fitbit is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) February 23, 2016. REUTERS/Brendan McDermid

Thomson Reuters

FitBit has received a takeover offer from a company called ABM Capital, according to an SEC filing - but it looks fishy.

Advertisement

ABM Capital is proposing to purchase the company for $12.50 a share.

The address for ABM Capital on the filing is in Shanghai, China, and the Chinese number listed next to the chief financial officer, Kevin Mead, appears to be disconnected.

No Shanghai-based ABM Capital could be found on the Bloomberg terminal.

More to come...

Advertisement

NOW WATCH: Here's what happens when interest rates go negative