Bragar Eagel & Squire, PC investigates IRBT merger and encourages investors to contact company
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NEW YORK, Aug. 08, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, has launched an investigation to determine whether the officers or directors of iRobot Corporation (NASDAQ: IRBT) (“iRobot”) breached their fiduciary duties or violated federal securities laws in connection with the company’s acquisition by Amazon (NASDAQ: AMZN) (“Amazon”) .
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On August 5, 2022, iRobot announced that it had reached an agreement to be acquired by Amazon in an all-cash deal with an enterprise value of $5.2 billion. Under the merger agreement, Amazon will acquire iRobot for $61 per share. The deal is expected to close in 2023.
Bragar Eagel & Squire is concerned that iRobot’s board oversaw an unfair process and ultimately agreed to an inadequate merger deal. Accordingly, the company is reviewing all relevant aspects of the agreement and is committed to ensuring the best possible outcome for iRobot shareholders.
If you own stock in iRobot and are concerned about the proposed merger, or would like to know more about the investigation or your legal rights and remedies, please contact Melissa Fortunato by email at [email protected] or by phone at (646) 860-9157, or by by filling out this contact form. There is no cost or obligation for you.
About Bragar Eagel & Squire, PC:
Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York, California and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation before state and federal courts across the country. For more information about the company, please visit www.bespc.com. Lawyer advertisement. Prior results do not guarantee similar results.