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THERMO ELECTRON CORPORATION ANNOUNCES SALE OF SENIOR CONVERTIBLE DEBENTURES

 THERMO ELECTRON CORPORATION ANNOUNCES SALE
 OF SENIOR CONVERTIBLE DEBENTURES
 WALTHAM, Mass., July 15 /PRNewswire/ -- Thermo Electron Corporation (NYSE: TMO) announced today that it has arranged for the sale of $200 million of 4-5/8 percent senior convertible debentures due 1997 at par. The debentures will be convertible into shares of common stock at a price of $48-3/8. The company has also granted to the managers of the offering an over-allotment option to purchase an additional $30 million principal amount of debentures. Lehman Brothers International (books) and County NatWest Securities Limited are acting as co-lead managers. The debentures will not be registered under the Securities


Act of 1933 and, subject to certain exceptions, may not be offered in the United States or to U.S. persons.
 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.
 These securities have not been registered under the United States Securities Act of 1933. Accordingly, subject to certain exceptions, these securities may not be offered or sold directly or indirectly in the United States of America, its territories or possessions, or to any person who is a citizen, national or resident thereof or to others for offering or resale in the United States or to any such person.
 -0- 7/15/92
 /CONTACT: John N. Hatsopoulos of Thermo Electron, 617-622-1111/
 (TMO) CO: Thermo Electron Corporation ST: Massachusetts IN: SU:


PB -- NE005 -- 9413 07/15/92 09:29 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jul 15, 1992
Words:266
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