Shareholder Alert: Ademi LLP investigates whether iRobot Corporation has obtained a Fair Price in its transaction with Amazon

MILWAUKEE, Aug. 5, 2022 /PRNewswire/ -- Ademi LLP is investigating iRobot (NASDAQ: IRBT) for possible breaches of fiduciary duty and other violations of law in its transaction with Amazon. 

Click here to learn how to join the action: https://www.ademilaw.com/case/irobot-corporation or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

Ademi LLP alleges iRobot's financial outlook and prospects are excellent and yet iRobot holders will receive only $61 per share in an all-cash transaction valued at approximately $1.7 billion, including iRobot's net debt. The transaction agreement unreasonably limits competing bids for iRobot by imposing a significant penalty if iRobot accepts a superior bid. iRobot insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of iRobot's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for iRobot.

If you own iRobot common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/irobot-corporation.                       

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP                                                          
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

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SOURCE Ademi LLP