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Itron to sell 3.4 million shares in public offering

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May 6, 2008

LIBERTY LAKE, Wash.—Itron Inc. said Tuesday it plans to sell 3.4 million shares in a public offering.

The provider of metering, data collection and other services said it plans to use $250 million of the net proceeds from the offering to repay part of its nonconvertible debt, with the rest for general corporate purposes.

The offering is being underwritten by Goldman, Sachs & Co. and is expected to close on or about May 12.

Itron shares ended the session down $1.31 at $94.47.

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