Overview
- An SEC filing says the final prospective acquirer exited after a lengthy period of exclusive negotiations.
- iRobot disclosed the withdrawn bid offered a per-share price that was "significantly lower" than recent trading levels.
- The company reports no advanced negotiations with other parties and cautions there is no assurance the strategic review will produce a deal.
- A waiver tied to its Carlyle-backed credit agreement has been extended to Dec. 1, and the filing warns operations could be curtailed or bankruptcy sought without near-term funding.
- Shares fell more than 30% on Monday and are down over 50% this year, after Amazon abandoned a $1.7 billion acquisition in 2024 and as lower-cost rivals pressure sales.