Biden Regulators Say They’re ‘Pleased’ By Merger Block That Gutted US Company
Following the recent announcement that Amazon and iRobot have terminated their $1.4 billion merger agreement, Nathan Soderstrom, associate director of merger analysis at the Federal Trade Commission (FTC), issued a statement stating that Biden regulations The authorities expressed their pleasure at the disbandment. “We are pleased that Amazon and iRobot have abandoned the proposed transaction…The […]
Why regulators’ confidential bank ratings should not be public information
failure Three multi-billion dollar local banks This situation in the first half of 2023 has understandably caused great concern and debate in Congress and the public. These failures are due to banks' management and directors engaging in unsafe and unsound banking practices. State and federal banking regulators, while having all necessary tools at their disposal, […]
EU regulators plan to block Amazon’s $1.7B iRobot acquisition: report
The European Union's competition watchdog plans to block Amazon's $1.7 billion deal with robot vacuum cleaner maker iRobot. The Wall Street Journal reported This was disclosed on Thursday, citing a person familiar with the matter. Shares of vacuum cleaner maker Roomba plunged 40% to $14 after the bell. European Commission officials met with Amazon representatives […]