European Union Launches Probe into Amazon’s Acquisition of iRobot – Merger Arbitrage Mondays

Key Highlights

1. 1. Amazon’s (AMZN) plan to buy iRobot (IRBT) is headed for an in-depth European Union probe.
   2. The FTC pressures Microsoft (MSFT) to halt its acquisition of Activision Blizzard (ATVI) through the enforcement of an injunction – U.S. court hearing begins.
   3. DICE Therapeutics (DICE) enters into a definitive agreement to be acquired by Eli Lilly (LLY).
2. Amazon’s (AMZN) plan to buy iRobot (IRBT) is headed for an in-depth European Union probe.
3. The FTC pressures Microsoft (MSFT) to halt its acquisition of Activision Blizzard (ATVI) through the enforcement of an injunction – U.S. court hearing begins.

1. Amazon’s (AMZN) plan to buy iRobot (IRBT) is headed for an in-depth European Union probe.
2. The FTC pressures Microsoft (MSFT) to halt its acquisition of Activision Blizzard (ATVI) through the enforcement of an injunction – U.S. court hearing begins.
3. DICE Therapeutics (DICE) enters into a definitive agreement to be acquired by Eli Lilly (LLY).

European Union Initiates In-Depth Investigation into Amazon’s (AMZN) Planned Acquisition of iRobot (IRBT)

Following Amazon’s initial announcement of its potential acquisition of iRobot, the company obtained approval from regulators in the United Kingdom on June 16, causing shares of the Roomba-manufacturer to rocket over 20%. The spread on the deal, which had last month expanded to more than 90%, collapsed to just under 20% ten days ago.

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