iRobot ticks higher as Roomba maker not included in FTC suit against Amazon
Justin Sullivan
iRobot (NASDAQ:IRBT) ticked up 0.4% as investors breathed a sigh of relief that the company wasn't included in the Federal Trade Commission's antitrust lawsuit against Amazon (NASDAQ:AMZN).
There has been at least one report back in February and speculation for some months that iRobot (IRBT) may be included in the largely expected antitrust lawsuit against Amazon (AMZN).
The speculation came as iRobot (IRBT) received a second request from the Federal Trade Commission in September to do a more in-depth review of the Amazon (AMZN) planned acquisition. Amazon confirmed in June that it had filed substantial compliance with the FTC's second request.
Amazon (AMZN) revised its deal with the Roomba robot vacuum maker last month, cutting the price it was paying to $51.75 in cash from $61 when the deal was originally struck a year ago. iRobot holders are scheduled to vote on the rejiggered deal on Oct. 12.
Amazon (AMZN) and iRobot (IRBT) noted last month that they are still working cooperatively with the relevant regulators in their review of the merger. On July 6, the European Commission opened an in-depth review of the purchase of the Roomba vacuum maker. The UK's antitrust regulator approved the transaction in June.

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