Iteris to be acquired by AlmavivaIteris announced that it has entered into a definitive merger agreement to be acquired by Almaviva, a private Italian digital innovation group, in an all-cash transaction valuing Iteris at approximately $335M equity value. Under the terms of the agreement, Iteris shareholders will receive $7.20 in cash for each share of Iteris common stock.
https://www.tipranks.com/news/the-fly/iteris-to-be-acquired-by-almaviva-in-335m-all-cash-transaction