iRobot drops after Amazon's planned purchase receives FTC second request
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iRobot Corp. (NASDAQ:IRBT)Â fell 1.4%Â in premarket tradingÂ after the company's planned sale to Amazon (NASDAQ:AMZN) received a second request from the Federal Trade Commission.
On Monday, iRobot and Amazon each received a request for additional information and documentary materials from the FTC in regards to the transaction, according to an 8-K filing on Tuesday.
Amazon (AMZN)Â Â agreed to acquireÂ consumer robot company iRobot (IRBT) for $61/share in an all-cash transaction valued at ~$1.7B, including iRobot's net debt, early last month.