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iRobot charts new direction after defense business sale

Apr. 04, 2016 8:31 AM ETiRobot Corporation (IRBT) StockBy: Clark Schultz, SA News Editor1 Comment
  • 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 

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