iRobot falls $200M in value after EU raises concerns over Amazon deal

By Lucia Maffei • Published November 27, 2023 • Updated on November 28, 2023 at 7:19 am

Shares of iRobot Corp. fell sharply on Monday after the European Commission cited competition concerns in its preliminary review of the proposed merger with Amazon.com Inc., which comes with a 15% price decrease announced over the summer.

iRobot's stock closed down approximately 17%, giving the Bedford-based company giving iRobot around $957 million in market capitalization, a loss of close to $200 million in value.

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