Amazon (AMZN) and iRobot (IRBT) Agree to Terminate Pending Acquisition
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These stocks are Bank of America's top picks for 2024
January 29, 2024 9:00 PM ESTAnalysts at Bank of America highlighted their top stock picks for 2024 in a research note this week, with some big-name players making the list.
The US analysts' Year Ahead picks are all Buy-rated, with the list remaining the same until the end of the year, explained the investment bank.
Two of the top picks are, unsurprisingly, Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN), with Amazon... More
iRobot (IRBT) plummets after terminating Amazon (AMZN) deal; CEO resigns
January 29, 2024 8:56 AM ESTShares of iRobot (NASDAQ: IRBT) plunged in premarket trading after the robot maker and Amazon (NASDAQ: AMZN) announced they mutually agreed to terminate their acquisition deal.
Shares were down 17.3% in early New York trading on Monday.
The move comes because the deal has no path to regulatory approval in the European Union, Amazon said in an official announcement, forcing the companies to... More
iRobot Corp. (IRBT) plans reduction of approximately 350 employees, 31% of workforce
January 29, 2024 8:32 AM ESTToday, iRobot Corporation (NASDAQ: IRBT), a leader in consumer robots, announced that it will implement an operational restructuring plan designed to position the Company for stabilization in the current environment, while focusing on profitability and advancing key growth initiatives to extend its market share in the mid-tier and premium segments. This plan was approved following iRobot's and Amazon's mutual decision to terminate their previously announced merger agreement. That announcement can be found... More
