Roomba-Maker iRobot's Shares Plunge After EU Regulators

Nov 27, 2023 · Shares of iRobot plunged on Monday after the European Commission raised objections over Amazon’s proposed $1.4 billion purchase of the Roomba vacuum cleaner …

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Roomba-Maker IRobot's Shares Plunge After EU Regulators

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Nov 27, 2023 · Shares of iRobot plunged on Monday after the European Commission raised objections over Amazon’s proposed $1.4 billion purchase of the Roomba vacuum cleaner …

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Roomba Maker IRobot's Shares Plunge On Report Amazon Deal …

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Jan 19, 2024 · IRobot shares slumped more than 30% in early trading on Friday after reports that the European Union antitrust regulator was planning to block Amazon.com's $1.4 billion …

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Roomba Maker IRobot Shares Plunge On Report Amazon Deal Faces …

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Jan 19, 2024 · Shares of the Roomba vacuum maker plunged nearly 40% to $14.3 in trading after the bell. WSJ reported that Amazon was informed during its meeting with European …

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Roomba Maker IRobot's Shares Plunge On Report Amazon Deal …

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Jan 19, 2024 · IRobot shares have lost more than 66% since the deal was announced. At $16.27, they are trading at less than a third of the $51.75-per-share amended price that Amazon has …

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Shares Of IRobot Plunge 40% On Report EU Will Block ... - Morningstar

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Jan 19, 2024 · Shares of iRobot Corp. plummeted after hours on Thursday after the Wall Street Journal reported that the European Union plans to block Amazon.com Inc.'s purchase of the …

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Amazon Scraps $1.7 Billion Deal To Buy Roomba Maker IRobot …

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Jan 29, 2024 · Shares of iRobot tumbled as much as nearly 19% on news of the canceled deal. In 2022, Amazon announced that it would buy the Bedford, Massachusetts-based company for …

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EU Regulators Say Amazon’s IRobot Deal Could ‘restrict Competiton’

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Nov 27, 2023 · Shares of Roomba maker iRobot fell nearly 20% after the European Commission said Amazon’s proposed $1.7 billion acquisition of the company “may restrict competition in …

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IRobot Stock Plunges On Report EU Will Block Amazon Deal

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Jan 19, 2024 · Shares of iRobot (IRBT) sank in early trading on Friday. The Wall Street Journal reported that a European Union regulator will block Amazon's (AMZN) $1.4 billion bid to buy …

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Amazon Probed By EU Over Whether It's Killing Competition In …

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Nov 28, 2023 · Amazon’s $1.4bn deal for Roomba maker iRobot risks being derailed unless the firms fix a list of competition concerns raised by the EU's antitrust arm. ... IRobot shares fell …

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IRobot Shares Sink On Report Of EU's Plan To Block Amazon

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Jul 20, 2023 · Shares of iRobot sank on a report that Europe's competition regulator intends to block Amazon.com's $1.7 billion acquisition of the Roomba maker. The stock fell 32% to …

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FAQs about Roomba-Maker iRobot's Shares Plunge After EU Regulators Coupon?

Will Amazon buy Roomba & iRobot?

The companies said in a joint statement that they were "disappointed" but there was no clear regulatory path for the purchase of the Roomba maker. First announced in 2022, the deal would have been one of Amazon's largest ever acquisitions. The end of the deal is a major blow for iRobot, which has announced job cuts. ...

Will the European Union Block iRobot?

(Reuters) — The European Union's competition watchdog plans to block Amazon.com's $1.4 billion acquisition of robot vacuum maker iRobot, The Wall Street Journal said on Thursday, citing people familiar with the matter. Shares of the Roomba vacuum maker plunged nearly 40% to $14.3 in trading after the bell. ...

Why did iRobot shares fall 35% in premarket trading?

(Reuters) -IRobot shares slumped 35% in premarket trading on Friday after a report the European Union antitrust regulator was planning to block Amazon.com's $1.4 billion buyout of the Roomba vacuum maker. ...

How much have iRobot shares lost since the deal was announced?

IRobot shares have lost more than 66% since the deal was announced. At $16.27, they are trading at less than a third of the $51.75-per-share amended price that Amazon has agreed to pay. The European Commission has until Feb. 14 to either approve or reject the deal. Our Standards: The Thomson Reuters Trust Principles. ...

Will Amazon's iRobot acquisition restrict competition?

Shares of Roomba maker iRobot fell nearly 20% after the European Commission said Amazon’s proposed $1.7 billion acquisition of the company “may restrict competition in the market for robot vacuum cleaners.” Regulators said Amazon may prevent rivals from selling robot vacuum cleaners on its marketplace or limit access. ...

Will Amazon buy iRobot?

Amazon is scrapping its planned takeover of vacuum maker iRobot following opposition from EU competition authorities. The companies said in a joint statement that they were "disappointed" but there was no clear regulatory path for the purchase of the Roomba maker. ...