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Thermo Electron to Buy its Own Securities

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WALTHAM, Mass., July 22 -- Thermo Electron Corp., a maker of analytical instruments, announced today that its board of directors has authorized the repurchase, through July 22, 2005, of $100 million of its own debt and equity securities in the open market or in negotiated transactions. The company's previous repurchase authorization -- dated February 26 -- has been substantially depleted.

Thermo Electron sold Spectra-Physics, its optical technologies unit, to Newport Corp. ealier this month for about $300 million.

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Jul 2004
analytical instrumentsNewportNews & Featuresoptical technologiesSpectra-PhysicsThermo Electron

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