Return to Home

iRobot Corporation

IRBT

Find Out if You Qualify for a Financial Reward by filling out the form below.

iRobot Corporation Form












Securities Fraud News does not share your information with others. There is no cost or obligation for you to submit.

Investigation Details

In 2022, Amazon.com, Inc. announced it intended to acquire iRobot, maker of the Roomba line of automated vacuums for approximately $1.7 billion. In November 2023, the European Commission, the European Union’s trade authority, issued an initial opinion concerning the deal, highlighting potential anti-competitive implications. Amazon signaled it would not remedy the problems the Commission raised. Then, on January 17, 2023, iRobot entered into a $200 million debt agreement with Bank of America. Amazon abruptly reversed course in response to the announcement, decreased their proposed purchase price of iRobot by about 15%, and ultimately terminated the deal in its entirety.

Between iRobot’s announcement of the Bank of America loan and Amazon’s termination of the agreement, iRobot’s stock price declined by approximately $14.50 per share or almost 50%.

Find More Cases

Ticker Symbol Company Name Join Deadline
VNET VNET Group, Inc. February 26, 2024 Join
ASRT Assertio Holdings, Inc. March 05, 2024 Join
DADA Dada Nexus Limited March 11, 2024 Join
BNTX BioNTech SE March 12, 2024 Join
MBLY Mobileye Global Inc. March 18, 2024 Join
BIVI BioVie Inc. March 19, 2024 Join
ALVR AlloVir, Inc. March 19, 2024 Join
BTI British American Tobacco p.l.c. March 25, 2024 Join
EVVTY Evolution AB (publ) March 25, 2024 Join
ADM Archer-Daniels-Midland Company March 25, 2024 Join
RILY B. Riley Financial, Inc. March 25, 2024 Join
CART Maplebear Inc. d/b/a Instacart March 25, 2024 Join
EAF GrafTech International Ltd. March 25, 2024 Join
SAVA Cassava Sciences, Inc. April 02, 2024 Join
IRTC iRhythm Technologies, Inc. April 08, 2024 Join
NYCB New York Community Bancorp, Inc. April 08, 2024 Join
HUT Hut 8 Corp. April 08, 2024 Join
XPOF Xponential Fitness, Inc. April 09, 2024 Join
AMLX Amylyx Pharmaceuticals, Inc. April 09, 2024 Join
INMD InMode Ltd. April 15, 2024 Join
AMPL Amplitude, Inc. April 15, 2024 Join
NOVA Sunnova Energy International Inc. April 16, 2024 Join
INOD Innodata Inc. April 22, 2024 Join
DKS DICK's Sporting Goods, Inc. April 22, 2024 Join