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FIT - Fitbit Agreed To Be Acquired By Google For $7.35 Per Share
Fitbit Inc. Class A
On November 1, Fitbit (FIT) agreed to be acquired by Google (GOOG) (GOOGL) for $7.35 per share, or about $2.1 billion on a fully diluted basis. As many readers on Seeking Alpha already know, I have been a long-term bull on FIT for the past two years and have been accumulating a position throughout that time.
FIT comprises the largest position in my portfolio currently and my average cost is around $4.30 per share. Despite seeing a nice appreciation already, I'm not going to take my gains and will