Iteris Shareholders Approve Almaviva Merger Deal

MT Newswires Live

2024/10/23

Iteris (ITI) said Wednesday it received stockholder approval for its proposed merger with Almaviva.

Under the terms of the all-cash deal, Almaviva will acquire Iteris for $7.20 per share, valuing the company at roughly $335 million.

The companies expect the deal to close on or about Nov. 1, after which Iteris will no longer be listed on any public market.

Price: 7.19, Change: -0.01, Percent Change: -0.07

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