Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

FitBit got a takeover offer but it looks fishy

Portia CroweNov 10, 2016, 21:58 IST

The ticker symbol for Fitbit is displayed at the post where it is traded on the floor of the NYSEThomson Reuters

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

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...

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

Please enable Javascript to watch this video