Monday, March 8, 2021

Iteris Seeks Buyer

Santa Ana-based Iteris, which develops traffic and mobility management products, says it is seeking "strategic alternatives", and has hired investment banker Moelis & Company to assist it in the review. The company said its board has "initiated a comprehensive review of strategic alternatives to maximize shareholder value." The company did not give any other details on the effort, but did say that Latham & Watkins LLP is serving as the Company's legal advisor.