Amazon Lowers Price of iRobot Deal by 15% After the Roomba Maker Incurs Fresh Debt

Amazon.com has slashed the price it will pay for iRobot by about 15% to around $1.42 billion after the maker of Roomba vacuum cleaners incurred fresh debt, the companies said on Tuesday.

Under the amended deal, Amazon will pay $51.75 in cash for each share of iRobot, compared with the original price of $61.00.

IRobot shares sank more than 10% on the news to $42.50, on course for their worst day since February last year, before the deal was announced. Amazon was trading 0.3% higher.

Read the source article at Yahoo Finance