Once customary closing conditions pass, such as approval by IRBT shareholders and regulatory approval, the deal will go through, according to an official announcement on August 5. Meanwhile, iRobot specializes in robots and intelligent home gadgets and innovations, including products that offer cleaning, mapping, and navigation, generating $291.97 million, as per its latest earnings release.
IRBT chart and analysis
In the last month, IRBT has been trading between $36.35 to $50.88, while remaining in the middle of its 52-week range. Prices have been rising strongly lately, but with the announcement of the deal, they exploded by over 19%, creating a resistance level at $89.83, and a support line at $49.99.
Combined future
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