iRobot Stock Plunges: What Happened?

iRobot stock plunged nearly 20% after Politico reported that Amazon will not offer concessions to European Union antitrust regulators in its acquisition of iRobot, despite the EC's concerns about potential competition restrictions in the robotic vacuum cleaner market. This decision increases the risk of the deal being struck down, but some speculate that Amazon may be calling the regulators' bluff. Investors now face a speculative opportunity with iRobot stock trading at a significant discount to the agreed acquisition price.