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…
UK antitrust regulator approves the deal.
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Stock up big today (almost 40% as I type this) on rumors that EU approval of the Amazon deal is coming.
Well that didn’t last long. Stock tanks as EU refuses comment on rumors.
Deal officially off the table, iRobot stock tanking. I unloaded my shares last week when the rumors emerged. Took a hit but avoided the worst of it. On to better things.