- The sale of iRobot's (NASDAQ:IRBT) defense and security business to Arlington Capital Partners sails through closing. Looking ahead, iRobot's strategy is to focus on connected home products and international expansion.
- The company says the $45M in proceeds from the sale will be used to help fund its accelerated share repurchase program.
- Now read iRobot: Smart Strategy Shift
iRobot charts new direction after defense business sale
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Symbol | Last Price | % Chg |
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IRBT | - | - |
iRobot Corporation |