iRobot drops on report EU set to open in-depth probe into Amazon deal
Justin Sullivan
iRobot (NASDAQ:IRBT) fell 8% on a report that the European Union is set to open an in-depth investigation into Amazon's (NASDAQ:AMZN) $1.7 planned acquisition of the Roomba vacuum maker. 
Amazon (AMZN) is unlikely to offer remedies during the EU antitrust preliminary review of the deal, according to a Reuters report on Thursday, which cited people familiar with the matter.
The European Commission is scheduled to finish its initial review of the deal on July 6. Amazon (AMZN) filed with Europe's antitrust regulator on the iRobot (IRBT) deal last month, according to a listing on the European Commission's website.
The report comes after iRobot (IRBT) shares surged 21% on Friday after the UK's antitrust regulator approved the transaction.
iRobot (IRBT) received a second request from the Federal Trade Commission in September to do a more in-depth review of the Amazon (AMZN) deal. Amazon earlier this month confirmed it filed substantial compliance with the FTC's second request.
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