TITLE

iRobot Dives into M&A

AUTHOR(S)
Schachter, Ken
PUB. DATE
September 2008
SOURCE
Red Herring;9/8/2008, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports of the acquisition by Roomba-maker iRobot of Nekton Research, which is developing underwater robots for the military. Analyst Alex Hamilton said that the acquisition is likely to speed up iRobot's entry into the underwater market by 12 to 18 months. According to iRobot, the deal would add $6 million to $8 million in product and contract revenue, but trim $.02 from 2008 earnings per share and $.02 to $.03 from 2009 earnings per share.
ACCESSION #
36646699

 

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