Brief: Rekor Systems Inc Advised Iteris Inc It Was Prepared To Offer To Buy All Of Iteris' Outstanding Common Stock
01/03/2021 14:32
March 1 (Reuters) - Rekor Systems Inc REKR.O :
* REKOR SYSTEMS INC - ON FEB. 20, ADVISED ITERIS INC IT WAS
PREPARED TO OFFER TO BUY ALL OF ITERIS' OUTSTANDING COMMON STOCK
* REKOR SYSTEMS INC - OFFER TO ITERIS WAS FOR A COMBINATION
OF
CASH AND COMMON STOCK
* REKOR SYSTEMS INC - ON FEB. 26, ADVISED THAT ITERIS BOARD
DECIDED DEAL "WOULD NOT BE IN THE BEST INTEREST OF ITERIS’
SHAREHOLDERS"
* REKOR SYSTEMS INC - DISAPPOINTED WITH ITERIS INC'S SWIFT
REJECTION
Source text for Eikon: [https://bit.ly/3dXumRu]
Further company coverage: REKR.O
((Reuters.Briefs@thomsonreuters.com;))
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