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Stock impact report

Iteris Completes Transaction with Almaviva [Yahoo! Finance]

Iteris, Inc. (ITI) 
NASDAQ:AMEX Investor Relations: iterisinc.gcs-web.com/investor-relations
Company Research Source: Yahoo! Finance
AUSTIN, Texas, November 01, 2024 BUSINESS WIRE )--Iteris, Inc. ("Iteris" or the "Company"), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced the closing of its previously announced agreement to be acquired by Almaviva S.p.A. ("Almaviva"). Iteris' common stock has ceased trading on the NASDAQ and Iteris will no longer be listed on any public market effective as of the closing. As part of Almaviva, Iteris will continue to operate as a separate legal entity and will retain its brand. Additionally, the Company will continue to be led by President and CEO Joe Bergera and Iteris' existing management team. "We are thrilled to join Almaviva's portfolio of leading digital innovation companies," said Joe Bergera, President and CEO of Iteris. "While our ownership has changed, our commitment to our customers and the way we serve them has not. Leveraging Almaviva's global network and deep expertise in transportation and other sectors, we n Show less Read more
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