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THERMOTREX RECEIVES FTC CLEARANCE TO PROCEED WITH LORAD ACQUISITION

THERMOTREX RECEIVES FTC CLEARANCE TO PROCEED WITH LORAD ACQUISITION
 SAN DIEGO, Oct. 28 /PRNewswire/ -- -- ThermoTrex Corporation (AMEX: TKN) has received notice from the Federal Trade Commission (FTC) that it has obtained early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with its previously announced acquisition of Lorad Corporation.
 The proposed acquisition of Lorad, a leading manufacturer of low- dose X-ray mammography systems and minimally invasive needle biopsy systems, is still subject to several conditions, including completion of a due diligence investigation by ThermoTrex, negotiation of a definitive merger agreement, and approval by holders of at least two thirds of Lorad's shares. Lorad is a privately held company based in Danbury, Conn.
 ThermoTrex Corporation develops advanced technology in electro-optic and electro-acoustic systems, signal processing, materials technology, lasers, and thermionic and thermoelectric direct-energy conversion. Currently, the company is developing several commercial products, including a sonic CT (computerized tomography) system for real-time imaging of soft tissue, a passive microwave camera that would enable pilots to "see" through fog and clouds to enhance navigation, and a wind-shear detector to provide pilots with advance warning of wind shears. ThermoTrex Corporation is a public subsidiary of Thermo Electron Corporation.
 -0- 10/28/92
 /CONTACT: John N. Hatsopoulos, 617-622-1111/
 (TKN) CO: Thermo Electron; Thermotrex ST: Massachusetts IN: MTC SU:


TM -- NE007 -- 5890 10/28/92 10:30 EST
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Publication:PR Newswire
Date:Oct 28, 1992
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