Fitbit rises on purported bid, company says received no offer


  • TECH
  • Friday, 11 Nov 2016

Fitbit Blaze watches are displayed during the 2016 CES trade show in Las Vegas, Nevada January 6, 2016. REUTERS/Steve Marcus/File Photo GLOBAL BUSINESS WEEK AHEAD PACKAGE - SEARCH 'BUSINESS WEEK AHEAD 31 OCT' FOR ALL IMAGES

Shares of Fitbit Inc jumped as much as 8% after a previously unknown entity calling itself ABM Capital Ltd said it had offered to buy the wearable device maker but gave up some of those gains after the company denied receiving any offer. 

Fitbit said it had not received any communication from ABM Capital or any other firm regarding a reported offer, a spokesperson for the company said in an email. 

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