RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ok so here's my opinionBookman, whether the transaction materialize no one knows. For Google the acquisition is optional, for Fitbit it is essential.
Fit will not survive much longer on its own. Fit earnings are coming on Nov 6th and the prediction tis that they will miss targets. If that is the case, the pressure on them will only get stronger while Google stands by.
I read one analyst opinion that Fit should not agree to a price below $10 / share. I don't know how he come up with that number because shares before announcements were trading below $5 and the average price in the last 3 years was around $5 while the range was between $3 and 7.50
It appears that at $6 level, the acquisition is already largly priced in, however with stronger probability of being higher rather then lower.
So, being in now doesn't really looks like breaking the bank but rather earning 15%-25% gain within say 3 months.
GL