Shareholder Alert: Ademi LLP investigates whether Iteris, Inc. has obtained a Fair Price for its Public Shareholders

Core Viewpoint - Ademi LLP is investigating Iteris for potential breaches of fiduciary duty and other legal violations related to its transaction with Almaviva [1][3]. Group 1: Transaction Details - Iteris stockholders will receive $7.20 in cash for each share, valuing the company at approximately $335 million in equity [2]. - The transaction agreement imposes significant penalties on Iteris if it accepts competing bids, which limits potential competing transactions [2]. Group 2: Board Conduct Investigation - The investigation focuses on whether Iteris' board of directors is fulfilling their fiduciary duties to all shareholders [3]. - Ademi LLP specializes in shareholder litigation involving buyouts, mergers, and individual shareholder rights [3].