Exclusive: Must Credit EdisonReport.
EdisonReport can confirm that Acuity has purchased Iota Engineering. Look for an announcement from Acuity once the markets close today. Also, we expect to have an Iota letter to their reps about the same time.
Acuity Brands stock has dropped another 5% to $113.87 as of this writing. A year ago it traded at $176. Two years ago it was in the $245 range.