IRobot Shares Surge Premarket on Takeover by Amazon
05 August 2022 - 03:05PM
Dow Jones News
By Colin Kellaher
Shares 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 Newswires
August 05, 2022 08:50 ET (12:50 GMT)
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