Roomba Maker IRobot Files for Bankruptcy, to Be Acquired by Lender Picea

Date:

Roomba robot vacuums made by iRobot are displayed on a shelf at a Bed Bath and Beyond store in Larkspur, Calif., on Aug. 5, 2022. Justin Sullivan/Getty ImagesiRobot, the Massachusetts-based company best known for its Roomba robotic vacuum cleaners, filed for bankruptcy protection on Dec. 14.The company said on Dec. 14 that it had entered into an agreement to be acquired by its secured lender and primary manufacturer, Picea Robotics, through a court-supervised process. The transaction would take iRobot private and end the listing of its shares on the Nasdaq.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Xis Summit Promise of Openness Is Giving Way to Greater Control

CommentaryWhen Chinese leader Xi Jinping met with American business...

Beijing Demands Still More Economic Control

CommentaryIn a lesson to all governments—east, west, north, and...

Gas Prices Sliding Below $4 Lift US Consumer Sentiment in June

A little less pain at the pump lifted U.S....

Dividend ETFs vs. Bond Funds: Which Is Right for Retirees

As investors near retirement or continue moving through their...