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Stockreport

Roomba Maker iRobot Declares Bankrupty. Its Stock Is Plunging 70% [Yahoo! Finance]

Amazon.com, Inc. (AMZN)  More Company Research Source: Yahoo! Finance
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
A deal for Amazon to buy the company fell through last year. Shares of iRobot ( IRBT ) plummeted over 70% Monday morning after the Roomba robot vacuum maker announced a Chapter 11 bankruptcy filing on Sunday. The company said it plans to have one of its lenders and its primary contract manufacturer, a Chinese robotics firm called Picea, acquire 100% of its equity, with iRobot set to continue operating as a private company under Picea. CEO Gary Cohen said the Chapter 11 filing and acquisition by Picea is a "pivotal milestone in securing iRobot's long-term future" that will "strengthen our financial position and will help deliver continuity for our consumers, customers, and partners." Chapter 11 bankruptcy filings often involve companies working out court-mediated agreements with creditors to restructure their operations to improve their financial position, and can also result in those lenders acquiring a company's assets. In this case, iRobot has agreed to a deal to be acquire [Read more]
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Stockreport

Roomba Maker iRobot Declares Bankrupty. Its Stock Is Plunging 70% [Yahoo! Finance]

Amazon.com, Inc.  (AMZN) 
More Company Research Source: Yahoo! Finance
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
A deal for Amazon to buy the company fell through last year. Shares of iRobot ( IRBT ) plummeted over 70% Monday morning after the Roomba robot vacuum maker announced a Chapter 11 bankruptcy filing on Sunday. The company said it plans to have one of its lenders and its primary contract manufacturer, a Chinese robotics firm called Picea, acquire 100% of its equity, with iRobot set to continue operating as a private company under Picea. CEO Gary Cohen said the Chapter 11 filing and acquisition by Picea is a "pivotal milestone in securing iRobot's long-term future" that will "strengthen our financial position and will help deliver continuity for our consumers, customers, and partners." Chapter 11 bankruptcy filings often involve companies working out court-mediated agreements with creditors to restructure their operations to improve their financial position, and can also result in those lenders acquiring a company's assets. In this case, iRobot has agreed to a deal to be acquire [Read more]
IMPACT SNAPSHOT
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AMZN
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Price Change %
Volume Shares
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Volume Ratio
%
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LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
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MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
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