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What will happen to FIT? Will it get converted to GOOG? If I heard right, Google bought Fitbit at $7.35 per share; so now will FIT be around 7.35 or will keep fluctuating as normal?
Yes, FIT will probably trade at a slight discount to the $7.35 deal price until the deal closes.
Isn't it a cash deal where Google pays 7.35/share to Fitbit shareholders.
Is it? So I should just keep my stock and I will get cash after some time?
AFAIK Your broker would handle that, you don't have to do anything.
Super high risk. If deal doesn't go through, fit is going to tank
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Yes, FIT will probably trade at a slight discount to the $7.35 deal price until the deal closes.