M&A · Industrials · Household Appliances
Amazon.com Inc to acquire iRobot Corp
Announced Aug 5, 2022 · Terminated Jan 29, 2024
Deal value$1.70BEV $1.54B
Premium22.0%To unaffected price
EV / Adj. EBITDA—1.0x EV / Revenue
ConsiderationAll cash$61.00 per share
Transaction
- Acquirer
- Amazon.com Inc (AMZN)
- Target
- iRobot Corp (IRBT)
- Buyer type
- Strategic
- Offer price per share
- $61.00
- Enterprise value
- $1.54B
- Status
- Terminated Jan 29, 2024
Deal protections
- Break fee (target pays)
- $56.0M · 3.3%
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Qatalyst
Sector context · Industrials
- Comparable deals
- 75 in the prior 24 months
- Premium
- 22.0% vs. 47.1% sector median
- EV / Adj. EBITDA
- Sector median 10.9x
- Break fee
- 3.3% vs. 2.7% sector median
Timeline
- AnnouncedAug 5, 2022
- Proxy filedAug 25, 2022
- Definitive proxySep 7, 2022
- Shareholder voteOct 17, 2022
- TerminatedJan 29, 2024
Valuation · fairness opinions
Discounted cash flow$23.25$45.66
Trading comparables$14.27$28.18
Offer $61.00
Implied value per iRobot Corp share by analysis, from Qatalyst.