Iteris shares are trading higher after the company announce dit will be acquired by Almaviva for $335 million.
Portfolio Pulse from Benzinga Newsdesk
Iteris shares are trading higher following the announcement that the company will be acquired by Almaviva for $335 million.
August 09, 2024 | 12:57 pm
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Iteris shares are trading higher after the company announced it will be acquired by Almaviva for $335 million.
The acquisition news is a significant positive development for Iteris, leading to a surge in its stock price. Investors typically react positively to acquisition announcements, especially when the acquisition price is substantial.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100