Iteris Stockholders Approve Proposed Merger Agreement With Almaviva
Portfolio Pulse from Benzinga Newsdesk
Iteris stockholders have approved a merger agreement with Almaviva. The transaction is expected to close around November 1, 2024, after which Iteris common stock will be delisted from public markets.
October 23, 2024 | 10:37 am
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Iteris stockholders have approved a merger with Almaviva, with the transaction expected to close by November 1, 2024. Post-merger, Iteris stock will be delisted from public markets.
The approval of the merger by Iteris stockholders is a significant step towards the completion of the transaction. The anticipated delisting of Iteris stock post-merger is crucial for investors as it will affect the liquidity and trading of the stock. However, since the merger is not yet completed, the immediate short-term impact on the stock price is neutral.
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