FIT News and Press, Fitbit Inc. Class A From 06/08/20

Merger activity increased last week with one new deal announced, three deals closing and two deals called off. While two terminated deals in one week is a lot, the news was not all bad as one of those terminations was because the company received a better offer. Just when we thought the bidd...

Fitbit (NYSE: FIT) announced the launch of a low-cost emergency ventilator for use during the COVID-19 pandemic.  In a press release , the maker of fitness trackers, which is being acquired by Alphabet' s (NASDAQ: GOOG) (NASDAQ: GOOGL) Google, said it received an Emergency Use Au...

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Fitbit (NYSE: FIT )  gains 1.8%  in after-hours trading after its Fitbit Flow emergency ventilator is granted Emergency Use Authorization by the U.S. Food & Drug Administration for use during the COVID-19 crisis. More news on: Fitbit, Inc., Tech stocks news, Healthcare stoc...

Fitbit Flow has been granted Emergency Use Authorization by the FDA Fitbit (NYSE: FIT) today announced it has developed a high-quality, low-cost, easy-to-use emergency ventilator, Fitbit Flow, which has obtained Emergency Use Authorization (EUA) from the U.S. Food & Drug Adm...

Merger activity ground to a halt last week with no new deals announced, three deals closing and one deal called off. This is the third week in the month of May with no new deals announced. There were however, two potential deals announced last week. The COVID-19 pandemic caused another deal ...

Merger activity remained stuck in neutral last week with no new deals announced and no deals closing. We did have one deal enter into litigation, and arbitrageurs are watching it closely to see if the courts can force the acquiring company to close the deal on the original terms. There were ...

This article is part of a series that provides an ongoing analysis of the changes made to Prem Watsa's 13F portfolio on a quarterly basis. It is based on Watsa's regulatory 13F Form filed on 05/15/2020. Please visit our Tracking Prem Watsa's Fairfax Financial Holdings Portfolio series to g...

This has arguably been the toughest time in merger arbitrage in years. The coronavirus has wreaked havoc on pretty much everything in the world, M&A included. Deals that were signed before the uncertainty of the virus were done at valuations that might not make sense in our new world. H...

Background Alphabet (GOOG) (GOOGL) made headlines last October when it was reported that the company was in talks to purchase the fallen angel wearables company, Fitbit (FIT). Despite struggling on its own, Fitbit could prove to be an accretive asset to Google with its endeavors into the h...