Iteris (ITI) Initiates Review of Strategic Alternatives

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Go back to Iteris (ITI) Initiates Review of Strategic Alternatives

Iteris Initiates Review of Strategic Alternatives

March 8, 2021 8:05 AM EST

Board has Engaged Moelis & Company as Financial Advisor to Assist in its Review

SANTA ANA, Calif.--(BUSINESS WIRE)-- Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that its Board of Directors has initiated a comprehensive review of strategic alternatives to maximize shareholder value.

Given Iteris participates in a large and dynamic market with multiple opportunities, the Iteris Board of Directors has decided to initiate a comprehensive review of strategic alternatives to maximize shareholder value, said Tom Thomas, Chairman of... More