Amazon to acquire iRobot

Amazon will acquire iRobot for $61 per share. Details have not been disclosed. IRBT closed at $49.99 yesterday.

https://finance.yahoo.com/news/amazon-buys-irobot-roomba-cre…

I’ve had a love-hate relationship with IRBT stock since my first purchase in 2005. This will allow me to exit and deploy the cash elsewhere.

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Is there an arbitrage play here? iRobot is trading ~$7 below the takeover bid, which seems like an opportunity. Of course, there is a chance the deal doesn’t get approved by the FTC. Just wondering aloud…