Shares of iRobot (IRBT)—known for its Roomba vacuums— fell sharply after European Union regulators issued a “statement of objections” over its deal to be acquired by Amazon (AMZN). Crown Castle (CCI) shares jumped after activist investor Elliott Investment Management said it wants executive and board changes. TD Cowen raised its price target on Domino’s Pizza (DPZ) to $430 from $410, with analysts saying they see the pizza chain's upcoming investor day as a "turning point." Yahoo Finance’s Julie Hyman and Josh Lipton break the reports down. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
European regulators said Monday that Amazon’s proposed acquisition of robot vacuum maker iRobot may harm competition. The European Commission, the European Union’s executive arm and top antitrust enforcer, said it has informed Amazon of its “preliminary view” regarding the deal following an investigation that began in July. The news raised investors' concerns about the acquisition, sending shares in Bedford, Massachusetts-based iRobot Corp., most famous for the circular-shaped Roomba vacuum, down more than 17% Monday.
(Bloomberg) -- Amazon.com Inc.’s $1.4 billion deal for Roomba maker iRobot Corp. risks being derailed unless the firms fix a list of competition concerns highlighted by the European Union’s antitrust arm. Most Read from BloombergBillions Wiped Out as Stock-Safety Trade on Wall Street MisfiresSingapore High Court Grants Injunction Against PM Lee’s BrotherRussia Downs Drones Over Moscow in Ukrainian Retaliatory StrikeMusk, Netanyahu Visit Massacre Site Amid Antisemitism FurorIsrael, Hamas Extend G