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THERMO VOLTEK CORP. ANNOUNCES SALE OF CONVERTIBLE DEBENTURES IN EUROPE

 WALTHAM, Mass., Nov. 12 /PRNewswire/ -- Thermo Voltek Corp. (AMEX: TVL) announced today that it has entered into an agreement to sell in Europe at par $30 million of 3 3/4 percent convertible subordinated debentures due 2000. The debentures will be convertible into shares of common stock at a price of $11.75. The company has also granted to the managers of the offering an over-allotment option to purchase an additional $4.5 million principal amount of debentures. The debentures have not been 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 Voltek Corp. designs, manufactures, and markets instruments that test electronic systems and components for immunity to electromagnetic interference, and provides related distribution and consulting services. The company also designs and manufactures high- voltage power conversion systems for research and commercial applications, and specialized power supplies for telecommunications equipment. Thermo Voltek is a subsidiary of Thermedics Inc. (AMEX: TMD) and Thermo Electron Corporation (NYSE: TMO).
 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 Unites States or to any such person.
 -0- 11/12/93
 /CONTACT: John Hatsopoulos of Thermo Electron, 617-622-1111/
 (TVL TMD TMO)


CO: Thermo Voltek Corp.; Thermedics Inc.; Thermo Electron Corp. ST: Massachusetts IN: CPR SU:

DJ -- NE004 -- 3552 11/12/93 09:37 EST
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Publication:PR Newswire
Date:Nov 12, 1993
Words:278
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