Amazon, iRobot amend acquisition price to $51.75 per share from $61.00 per share

Amazon (AMZN) and iRobot (IRBT) announced that they have agreed to amend the existing terms of their merger agreement to reflect a change to the price per share. Under the amended terms, Amazon will pay $51.75 per share revised from $61.00 per share. At the same time, iRobot has entered into a $200M financing facility to fund its ongoing operations. For Amazon, the change in price per share is expected to be largely offset by the planned increase in iRobot’s net debt under the new financing facility. Completion of the transaction remains subject to customary closing conditions, including regulatory approvals and approval of the amended merger agreement by iRobot’s stockholders. Amazon and iRobot are working cooperatively with the relevant regulators in their review of the merger.