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On January 28, 2024, iRobot Corporation and Amazon mutually agreed to terminate their merger agreement, initially signed on August 4, 2022. The termination follows an amendment to the original agreement made on July 24, 2023. The decision to terminate was approved by iRobot's Board of Directors and will result in Amazon paying iRobot a termination fee of $94 million within two business days. This fee is the exclusive remedy for iRobot regarding the failed merger. Concurrently, iRobot announced preliminary financial results for the fiscal year ended December 30, 2023, and a restructuring plan that includes reducing its workforce by approximately 350 employees, or 31% of its global workforce. The restructuring is expected to incur charges of $12 million to $13 million. Additionally, Colin Angle stepped down as CEO and chairman of the Board, transitioning to a Senior Advisor role for up to 12 months. Glen D. Weinstein has been appointed as the Interim CEO. The company also disclosed obligations under a Credit Agreement that will be affected by the receipt of the termination fee from Amazon.
On January 28, 2024, iRobot Corporation and Amazon mutually agreed to terminate their merger agreement, initially signed on August 4, 2022. The termination follows an amendment to the original agreement made on July 24, 2023. The decision to terminate was approved by iRobot's Board of Directors and will result in Amazon paying iRobot a termination fee of $94 million within two business days. This fee is the exclusive remedy for iRobot regarding the failed merger. Concurrently, iRobot announced preliminary financial results for the fiscal year ended December 30, 2023, and a restructuring plan that includes reducing its workforce by approximately 350 employees, or 31% of its global workforce. The restructuring is expected to incur charges of $12 million to $13 million. Additionally, Colin Angle stepped down as CEO and chairman of the Board, transitioning to a Senior Advisor role for up to 12 months. Glen D. Weinstein has been appointed as the Interim CEO. The company also disclosed obligations under a Credit Agreement that will be affected by the receipt of the termination fee from Amazon.
2024年1月28日，iRobot公司和亞馬遜共同同意終止最初於2022年8月4日簽署的合併協議。終止是在對2023年7月24日簽訂的原始協議進行修訂之後進行的。終止決定已獲得iRobot董事會的批准，亞馬遜將在兩個工作日內向iRobot支付9400萬美元的終止費。這筆費用是iRobot就合併失敗提供的唯一補救措施。同時，iRobot公佈了截至2023年12月30日的財年的初步財務業績，以及一項重組計劃，其中包括裁員約350名員工，佔其全球員工的31％。重組預計將產生1,200萬至1300萬美元的費用。此外，科林·安格爾辭去了首席執行官兼董事會主席的職務，過渡到高級顧問一職，任期長達12個月。格倫·溫斯坦被任命爲臨時首席執行官。該公司還披露了信貸協議規定的義務，這些義務將受到從亞馬遜收到的終止費的影響。
2024年1月28日，iRobot公司和亞馬遜共同同意終止最初於2022年8月4日簽署的合併協議。終止是在對2023年7月24日簽訂的原始協議進行修訂之後進行的。終止決定已獲得iRobot董事會的批准，亞馬遜將在兩個工作日內向iRobot支付9400萬美元的終止費。這筆費用是iRobot就合併失敗提供的唯一補救措施。同時，iRobot公佈了截至2023年12月30日的財年的初步財務業績，以及一項重組計劃，其中包括裁員約350名員工，佔其全球員工的31％。重組預計將產生1,200萬至1300萬美元的費用。此外，科林·安格爾辭去了首席執行官兼董事會主席的職務，過渡到高級顧問一職，任期長達12個月。格倫·溫斯坦被任命爲臨時首席執行官。該公司還披露了信貸協議規定的義務，這些義務將受到從亞馬遜收到的終止費的影響。
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