IT&E International

Averion Goes Public

Wednesday, July 19, 2006

The San Diego, Calif.-based company IT&E International, a regulatory compliance and validation services provider has agreed to merge with Averion, a contract research organization based in Framingham, Mass., for roughly $25 million, including $20 million of stock and notes and $5 million in cash. The new company will retain the Averion name, and allow Averion to become a publicly traded company.

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