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Under the amended deal, Amazon will pay $51.75 in cash for each share of iRobot, compared with the original price of $61.00. IRobot shares sank more than 10% on the news to $42.50, on course for their worst day since February last year, before the deal was announced. Amazon was trading 0.3% higher.
IRobot Corp (NASDAQ: IRBT) stock is trading lower Tuesday after Amazon.Com Inc (NASDAQ: AMZN) reduced the purchase consideration for the Roomba maker's takeover by 15%.
Amazon is adjusting its acquisition price for robotic vacuum-maker iRobot, after the duo hit regulatory snags trying to conclude the deal.
Amazon.com Inc (NASDAQ:AMZN) will pay about 15% less for iRobot Corporation (NASDAQ:IRBT) after the vacuum cleaner maker entered into a $200 million...
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Shares of iRobot tumbled on Tuesday after Amazon said it would lower its purchase price of the home robot maker, which the tech giant bought for $1.7 billion last August in an effort to expand its offerings of smart devices.