Iteris Inc initiates review of strategic alternatives, shares rise

Iteris

08/03/2021 18:51

** Shares of roadway sensors provider  ITI.O  up 17.2% at
$6.80
    ** ITI says its board has started a comprehensive review of
strategic alternatives to maximize shareholder value
 urn:newsml:reuters.com:*:nBwbmGfXqa
    ** Moelis & Co will serve as financial advisers and review
ITI's strategy 
    ** Up to Friday's close, shares were up ~3% this year
    

 (Reporting by Chavi Mehta in Bengaluru)
 ((Chavi.Mehta@thomsonreuters.com))