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THERMO CARDIOSYSTEMS ANNOUNCES BEGINNING OF EXERCISE PERIOD FOR COMMON STOCK REDEMPTION RIGHTS

 WOBURN, Mass., Nov. 19 /PRNewswire/ -- Thermo Cardiosystems Inc. (AMEX: TCA) announced today that the third, and final, exercise period for its common stock redemption rights begins today and terminates Dec. 31, 1993. By their original terms, the redemption rights may be exercised from Dec. 6, 1993, until Dec. 31, 1993. The company has decided to accept redemptions beginning today in order to comply with certain requirements under applicable securities laws. During this period, a holder of a redemption right may cause the company to redeem one share of the company's common stock for $2.27 per share. As of Nov. 15, 1993, there were 2,412,476 redemption rights outstanding.
 On Nov. 18, 1993, the reported closing price of the company's common stock on the American Stock Exchange was $20 3/8 per share. Given the current market price, the company does not expect any redemptions during the 1993 exercise period.
 Details concerning the 1993 redemption period are contained in a summary advertisement published today in "The Wall Street Journal," and in additional information that may be obtained from the company.
 Thermo Cardiosystems Inc. is a leader in research and development of implantable ventricular-assist devices. These devices are designed to perform substantially all or part of the pumping function of the left ventricle of the natural heart for patients suffering from cardiovascular disease. The company's devices are currently intended for investigational use only. Thermo Cardiosystems Inc. is a public subsidiary of Thermedics Inc. (AMEX: TMD) and Thermo Electron Corporation (NYSE: TMO).
 -0- 11/19/93
 /CONTACT: John Hatsopoulos of Thermo Electron, 617-622-1111/
 (TCA TMD TMO)


CO: Thermo Electron Corporation; Thermo Cardiosystems Inc.;
 Thermedics Inc. ST: Massachusetts IN: MTC SU:


JL-CM -- NE003 -- 6484 11/19/93 11:16 EST
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Publication:PR Newswire
Date:Nov 19, 1993
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