Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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Nov 5 3:59 PM EST

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To: richardred who wrote (7088)	8/9/2024 1:31:04 PM
From: richardred	1 Recommendation of 7242

RE- CNDT transportation business. In my opinion, transportation will thrive in the future because most everybody still drives and more of the roads Need automated billing. Iteris to Be Acquired by Almaviva for $335 Million Iteris Shareholders to Receive $7.20 Per Share in Cash, Representing Significant Premium of 68% August 09, 2024 02:02 AM Eastern Daylight Time AUSTIN, Texas--( BUSINESS WIRE)--Iteris, Inc. (NASDAQ: ITI) (“Iteris” or the “Company”), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced that it has entered into a definitive merger agreement to be acquired by Almaviva S.p.A. (“Almaviva”), a private Italian digital innovation group, in an all-cash transaction valuing Iteris at approximately $335 million equity value. Under the terms of the agreement, Iteris shareholders will receive $7.20 in cash for each share of Iteris common stock. businesswire.com

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