Iteris Stock: A Chapter Closes Following Acquisition
Published on 10/04/2025 at 07:09 | Redaktion boerse-global.de
For market participants researching Iteris stock, one crucial reality must be understood: the company’s public trading status concluded over a year ago. Iteris was officially delisted from the NASDAQ on November 1, 2024, following its acquisition by the Italian firm Almaviva S.p.A.
The path to delisting was set in motion on August 9, 2024, when Almaviva publicly revealed its agreement to purchase Iteris. This all-cash transaction, valued at approximately $335 million, provided shareholders with a substantial premium. They received $7.20 for each share they held, representing a significant 68% increase over the stock’s closing price from the day before the acquisition was announced.
Following successful shareholder approval on October 23, 2024, the deal was finalized. Since the delisting on November 1, 2024, Iteris shares have no longer been... Read more...
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