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THERMO CARDIOSYSTEMS INC. COMPLETES PUBLIC OFFERING OF COMMON STOCK

THERMO CARDIOSYSTEMS INC. COMPLETES PUBLIC OFFERING OF COMMON STOCK
 WOBURN, Mass., April 8 /PRNewswire/ -- Thermo Cardiosystems Inc. (AMEX: TCA) announced today that it has completed a public offering of 1 million shares of its common stock, at $18-1/8 per share, consisting of 850,000 shares sold by the Company and 150,000 sold by a shareholder. Lehman Brothers; Kidder, Peabody & Co.; and County NatWest Securities Limited co-managed the offering.
 Thermo Cardiosystems Inc. engages 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 for investigational use only. Thermo Cardiosystems is a public subsidiary of Thermedics Inc. (AMEX: TMD) and Thermo Electron Corporation (NYSE: TMO).
 (TCA TMD TMO) CO: Thermo Cardiosystems, Inc.; Thermedics; Thermo Electron Corp. ST: Massachusetts IN: MTC SU: OFR


PB -- NE012 -- 6169 04/08/92 10:53 EDT
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Publication:PR Newswire
Date:Apr 8, 1992
Words:162
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