Will Fitbit Shareholders Get Google Stock?
13, 2020. (Photo Courtesy Fitbit.) the Shareholders of San Francisco-Based Fitbit Inc. Have Overwhelmingly Approved the Company's Agreement to Be Acquired by...
13, 2020. (Photo courtesy Fitbit.) The shareholders of San Francisco-based Fitbit Inc. have overwhelmingly approved the company's agreement to be acquired by Google for $2.1 billion, according to a Jan. 6 filing Fitbit submitted to the U.S. Securities and Exchange Commission.
Will Fitbit stock convert to Google?
As Google agreed to pay for the Fitbit acquisition in cash rather than stock or a mix of both, Fitbit stock will not convert to Google or Alphabet stock.
What happens to Fitbit stock in Google?
Fitbit has been acquired by Google. ... Shareholders of Fitbit will receive $7.35 cash for every FIT share held. Fractional shareholders will receive cash proportional to their holdings of FIT at the time of the acquisition.
Chloe Bennett explores the intersection of pop culture, streaming entertainment, digital trends, and contemporary lifestyle. Her weekly commentary reaches thousands of culture enthusiasts.
