IRobot Shares Surge Premarket on Takeover by Amazon - News Summed Up

IRobot Shares Surge Premarket on Takeover by Amazon


By Colin KellaherShares of iRobot Corp. jumped nearly 20% in premarket trading Friday after the maker of the Roomba smart vacuum agreed to be acquired by Amazon.com Inc. in a deal worth $1.7 billion, including debt. Amazon said it would pay $61 a share for iRobot, a 22% premium to Thursday's closing price of $49.99 for the Bedford, Mass., company. The purchase price is well below iRobot's 52-week high of $98.86 reached last November. IRobot shares were recently trading at $59.77. Write to Colin Kellaher at colin.kellaher@wsj.com(END) Dow Jones NewswiresAugust 05, 2022 08:50 ET (12:50 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.


Source: Wall Street Journal August 05, 2022 13:15 UTC



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