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THERMO ELECTRON ANNOUNCES PRIVATE PLACEMENT OF COMMON STOCK IN JAPAN

THERMO ELECTRON ANNOUNCES PRIVATE PLACEMENT OF COMMON STOCK IN JAPAN
 WALTHAM, Mass., Jan. 31 /PRNewswire/ -- Thermo Electron Corporation (NYSE: TMO) announced today that it has entered into agreements for a private placement of 800,000 shares of its common stock at $44.50 per share, subject to the filing of a registration statement with the Securities and Exchange Commission for the resale of the shares, declaration by the SEC of effectiveness of the registration statement, and certain other customary closing conditions. The shares are being sold to a limited group of institutional investors arranged by County NatWest Limited, Daiwa Securities America Inc., and Nomura Securities International, Inc. The investors are located primarily in Japan.
 "We are very pleased with this transaction, which is part of Thermo Electron's expanding strategy to raise capital in the Far East during the 1990's," said John N. Hatsopoulos, chief financial officer and executive vice president of Thermo Electron.
 Thermo Electron develops, manufactures, and markets environmental and analytical instruments, custom-engineered and pre-packaged cogeneration systems, industrial process equipment, biomedical materials and products, and fabricated biomedical and aerospace components. The company also provides metallurgical heat treating, water quality engineering, and analytical laboratory services.
 -0- 1/31/92
 /CONTACT: John N. Hatsopoulos of Thermo Electron, 617-622-1111/
 (TMO) CO: Thermo Electron Corporation ST: Massachusetts IN: SU:


SH -- NE003 -- 5495 01/31/92 09:09 EST
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Publication:PR Newswire
Date:Jan 31, 1992
Words:225
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