The proposed merger between Amazon ($AMZN) and iRobot ($IRBT) has been terminated. Speculation around the deal had been a topic of discussion in the financial community, with some analysts advising to short iRobot when the merger was first announced. Herb Greenberg, a financial journalist, had previously expressed skepticism in his 'Red Flag Alert – Don’t Get Sucked In...' article, suggesting that Amazon might want to back out of the deal. Despite the termination, there is talk about a breakup fee, which Greenberg had warned might not be straightforward. Post-termination, iRobot is trading with a market capitalization of approximately $400 million and nearly $300 million in cash. Greenberg has provided links to his commentary in the comments section of his posts.
Amazon just axed its plans to acquire a high-profile tech company https://t.co/x25jidBChS
Sad day for $IRBT. Wasn't there are short activist that constantly warned about that company? I bet that guy's twitter feed is blowing up kudos and apologies from all the trolls over the years.
As I wrote last week in my "Red Flag Alert – Don't Get Sucked In..." regarding the $AMZN / $IRBT deal - with time to think things over, it would appear Amazon wanted out of the deal. If you missed it, the link is in the comments below ⬇️⬇️⬇️ https://t.co/AysXE3AVFc
After this merger termination, is $IRBT trading for $400m with almost $300m in cash?
Now that the $IRBT / $AMZN deal is dead, don't by fooled by chatter that at least now they get the breakup fee. As I wrote a week ago, in "Don't Get Sucked up," it's not that simple! Link in comments ⬇️⬇️⬇️ https://t.co/v0rQYhZvwS
One of my analysts told me to short $IRBT the day the merger was announced and I told him to “not waste time on it.” https://t.co/6MNsF5lJyn https://t.co/f271jdn161
One of my analysts told me to short $IRBT the day the merger was announced and I told him “to not waste time on it.” https://t.co/HQSqnOA5bO https://t.co/f271jdn161