Rekor says Iteris rejects buyout offer
01/03/2021 13:54
March 1 (Reuters) - Rekor Systems Inc REKR.O said on
Monday traffic camera provider Iteris Inc ITI.O had rejected a
buyout offer made by the U.S. license plate recognition software
vendor.
Rekor had earlier made a non-binding $330 million
cash-and-stock offer to acquire Iteris, sources told Reuters on
Sunday. urn:newsml:reuters.com:*:nL2N2KZ08M
(Reporting by Tiyashi Datta in Bengaluru; Editing by
Ramakrishnan M.)
((tiyashi.datta@thomsonreuters.com;))
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