ITRON, INC. (NASDAQ:ITRI) Files An 8-K Other Events
Item 8.01
|
Other Events. |
|
|
On May 8, 2017, the Company issued a press release announcing it has signed an agreement to acquire Comverge, Inc. by purchasing its parent company, Peak Holding Corp. A copy of this press release is attached as Exhibit 99.1 and is incorporated by reference herein. |
|
|
Item 9.01 |
Exhibits. |
| (d) Exhibits. |
|
Exhibit Number |
Description |
|
99.1 |
Press release dated May 8, 2017. |
The information presented in this Current Report on Form 8-K may
contain forward-looking statements within in the meaning of the
Private Securities Litigation Reform Act of 1995. These
statements relate to our expectations about our business,
financial performance and restructuring activities, the closing
of the Comverge transaction and synergies related to the Comverge
acquisition and its integration. Although we believe the
estimates and assumptions upon which these forward-looking
statements are based are reasonable, any of these estimates or
assumptions could prove to be inaccurate and the forward-looking
statements based on these estimates and assumptions could be
incorrect. Our operations involve risks and uncertainties, many
of which are outside our control, and any one of which, or a
combination of which, could materially affect our results of
operations and whether the forward-looking statements ultimately
prove to be correct. Actual results and trends in the future may
differ materially from those suggested or implied by the
forward-looking statements depending on a variety of factors.
Some of the factors that we believe could affect our results
include our ability to execute on our restructuring plan, our
ability to achieve estimated cost savings, the rate and timing of
customer demand for our products, rescheduling of current
customer orders, changes in estimated liabilities for product
warranties, adverse impacts of litigation, changes in laws and
regulations, our dependence on new product development and
intellectual property, future acquisitions, changes in estimates
for stock-based and bonus compensation, increasing volatility in
foreign exchange rates, international business risks, our ability
to close the Comverge transaction, our ability to execute on the
integration of Comverge, our ability to achieve estimated
synergies, the market for Comverges products and other factors
that are more fully described in our Annual Report on Form 10-K
for the year ended December 31, 2016 and other reports on file
with the Securities and Exchange Commission.
About ITRON, INC. (NASDAQ:ITRI)
Itron, Inc. (Itron) is a technology and service company. The Company provides solutions that measure, manage, and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. The Company is the supplier of electricity metering solutions, including standard meters and advanced and smart metering systems. The Company is the supplier of gas metering solutions, including standard meters and advanced and smart metering systems. The Company is the supplier of standard and advanced water meters and communication modules. Its solutions include standard meters and advanced and smart metering products, metering systems, and services. It offers product portfolio for applications in the residential and commercial industrial markets for water and heat. It provides a portfolio of products, solutions, software and services to electric, gas, and water utility customers across the globe. The Company operates under the Itron brand across the world. ITRON, INC. (NASDAQ:ITRI) Recent Trading Information
ITRON, INC. (NASDAQ:ITRI) closed its last trading session down -1.30 at 64.70 with 303,607 shares trading hands.