MILWAUKEE, Nov. 2, 2019 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating Fitbit (NYSE: FIT) for possible
breaches of fiduciary duty and other violations of the law in
connection with the sale of Fitbit to Google.
Click here to learn how to join the action:
http://ademilaw.com/case/fitbit-inc or call Guri Ademi toll-free at 866-264-3995.
There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges Fitbit's financial outlook is
improving and yet shareholders will receive only $7.35 per share in cash, valuing Fitbit at
approximately $2.1 billion. The
merger agreement unreasonably limits competing bids for Fitbit by
prohibiting solicitation of further bids, and imposing a
termination penalty if Fitbit accepts a superior bid. Fitbit
insiders will receive millions of dollars as part of change of
control arrangements. We are investigating the conduct of Fitbit's
board of directors, and whether they are (i) fulfilling their
fiduciary duties to all shareholders, and (ii) obtaining a fair and
reasonable price for Fitbit.
If you own common stock in Fitbit and wish to obtain additional
information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or http://ademilaw.com/case/fitbit-inc.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi & O'Reilly, LLP