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THERMO ELECTRON CORPORATION COMPLETES OFFERING OF SENIOR CONVERTIBLE DEBENTURES

 THERMO ELECTRON CORPORATION COMPLETES OFFERING
 OF SENIOR CONVERTIBLE DEBENTURES
 WALTHAM, Mass., July 29 /PRNewswire/ -- Thermo Electron Corporation (NYSE-TMO) announced today that it has completed its previously announced offering of 45/8% senior convertible debentures due 1997 at par. The managers of the offering exercised in full a 15% over- allotment option, for a total sale of $230 million principal amount. The debentures are convertible into shares of common stock at a price of $483/8. Lehman Brothers International and County NatWest Securities Limited acted as co-lead managers.
 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 exemptions, 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- 7/29/92
 /CONTACT: John N. Hatsopoulos of Thermo Electron, 617-622-1111/
 (TMO) CO: Thermo Electron Corporation ST: Massachusetts IN: SU:


CH -- NE0011 -- 4586 07/29/92 11:44 EDT
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Publication:PR Newswire
Date:Jul 29, 1992
Words:227
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