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Pentzer Corp., the investment arm of Spokane-based Washington Water Power Co., in July and August sold nearly 493,000 shares of its Itron Inc. stock for around $23 a share, or $11 million in all.
Jan Plester, a vice president at Pentzer, says the sale is part of Pentzer's effort to reduce its interest in Itron. "We want to diversify our investments," she says.
Itron is the Spokane-based maker of...
