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

FCC Approves Nexstar-Tegna Deal Amid Legal Challenges From 8 States

Nexstar will own less than 15 percent of TV...

The 2026 Medicare Horizon: Projections for Health Care Costs

Medicare won’t cover everything—and health care costs can quietly...

Fear of the Second Wave

OpinionPeople shop at a grocery store in New York...

No Plan to Contain Gas Prices by Restricting US Energy Exports, 2 Cabinet Secretaries Say

Maritime traffic moves through the Houston Ship Chanel in...