IRBT - Robbins LLP Reminds IRobot Corporation Shareholders of the Pending May 7 2024 Lead Plaintiff Deadline | Benzinga
SAN DIEGO, April 25, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all those who purchased or otherwise acquired iRobot Corporation (NASDAQ:IRBT) common stock between August 5, 2022 and January 26, 2024. iRobot designs, builds, and sells robots and home innovation products in the U.S., Europe, the Middle East, Africa, Japan, and internationally. The Company is primarily known for its robot vacuum cleaner ("RVC") products sold under the "Roomba" brand name.
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The Allegations: Robbins LLP is Investigating the Allegations Surrounding the Dissolved Merger Between Amazon.com, Inc. and iRobot Corporation (IRBT)
According to the complaint, in August 2022, iRobot and Amazon.com, Inc. entered into a merger agreement to sell iRobot's RVCs on its online marketplace, pursuant to which Amazon would "acquire iRobot for $61 per share in an all-cash transaction valued at approximately $1.7 billion, including iRobot's net debt."
Plaintiff contends that during the class period, defendants failed to ...