iRobot slumps after termination of planned $1.4 bln merger deal with Amazon

iRobot

29/01/2024 13:46

** Shares of Roomba vacuum maker iRobot  IRBT.O  down ~19%
at $13.58 premarket
    ** IRBT and Amazon.com  AMZN.O  to end their plans to merge
in the face of opposition from EU antitrust regulators
    ** Amazon says its proposed $1.4 bln acquisition of iRobot
had no path to regulatory approval in the European Union
    ** Shares of Amazon marginally up 0.4% premarket
    ** In 2023, IRBT stock was down nearly 20%

 (Reporting by Anuja Bharat Mistry in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com;))