Spectra-Physics Reviewing Thermo Electron Offer

MOUNTAIN VIEW, Calif., Nov. 19 -- Spectra-Physics Inc. said a special committee of its board of directors will examine Thermo Electron Corp.'s unsolicited tender offer for all the outstanding shares of Spectra-Physics' common stock that Thermo Electron and its subsidiaries do not currently own for $17.50 per share in cash.

The special committee will advise stockholders of its recommendations by Nov. 30.

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