Shares of iRobot Corporation (IRBT) are falling more than 10% Monday morning after the consumer robot company said its acquisition by Amazon is being cancelled.
"Amazon's proposed acquisition of iRobot has no path to regulatory approval in the European Union, preventing Amazon and iRobot from moving forward together—a loss for consumers, competition, and innovation," the company said.
After the mutually-agreed cancellation of the deal, iRobot announced its decision to cut its workforce by 350 and Colin Angle has stepped down Chairman and CEO.
IRBT, currently at $15.24, has traded in the range of $13.80 - $51.49 in the last 1 year.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.