Shares of iRobot plunge 40% on report EU will block buy by Amazon

Shares of iRobot Corp. plummeted after hours on Thursday after the Wall Street Journal reported that the European Union plans to dam Amazon.com Inc.’s buy of the Roomba maker.

The Journal, citing folks acquainted with the matter, stated officers on the EU’s government department, the European Commission, advised Amazon on Thursday that the deal was prone to be rejected. Commission leaders would nonetheless must formally approve that call, the Journal famous.

Source web site: www.marketwatch.com

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