:Amazon.com has slashed the price it will pay for iRobot by about 15 per cent 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 o
:Amazon.com has slashed the price it will pay for iRobot by about 15 per cent to around $1.42 billion after the maker of Roomba vacuum cleaners incurred fresh debt, the companies said on Tuesday.
IRobot shares sank more than 10 per cent 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 per cent higher. "We've reached an amended agreement with Amazon that reflects the incurrence of iRobot's new debt," said Colin Angle, chairman and CEO of iRobot.
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