Iteris agrees to $335M all-cash acquisition by Almaviva, becoming a privately-held company.

Iteris, a smart mobility infrastructure management solutions provider, has agreed to a $335M all-cash acquisition by Almaviva, an Italian digital innovation group. The deal will see Iteris shareholders receive $7.20 per share and result in Iteris becoming a privately-held company, delisting from Nasdaq. The transaction is subject to regulatory approvals and other closing conditions, expected to complete in 2024.

August 09, 2024
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