IRobot shares fell as much as 36% on Monday after the company said the last remaining potential buyer for the Roomba maker dropped out after “lengthy,” exclusive talks.
- The would-be suitor, which IRBT did not name, offered a “significantly lower” price than trading levels over recent months, according to
a regulatory filing out before the bell - NOTE: IRBT
in March raised “substantial doubt” about its ability to continue operating
CREDIT BACKGROUND
- Carlyle Group provided a $200 million loan through its private credit arm in 2023 to iRobot, which was burning cash at the time
- Financing was intended to provide the ...
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