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Exhibit 12(a)(3)
NOTICE OF REDEMPTION PERIOD
UNDER
COMMON STOCK REDEMPTION RIGHTS
ISSUED BY
THERMO FIBERGEN INC.
PURSUANT TO WHICH COMMON STOCK WILL BE REDEEMED AT A PRICE OF
$12.75 PER SHARE
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THE REDEMPTION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK
CITY TIME, ON SATURDAY, SEPTEMBER 30, 2000.
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August 30, 2000
To Brokers, Dealers, Commercial Banks,
Trust Companies and Other Nominees:
The enclosed Tender Offer and Rule 13e-3 Transaction Statement on
Schedule TO relates to the obligation of Thermo Fibergen Inc., a Delaware
corporation (the "Company"), to redeem up to 4,715,000 shares of its Common
Stock, par value $0.01 per share (the "Shares"), from surrendering holders of
its Common Stock Redemption Rights (the "Redemption Rights"). The Company issued
the Redemption Rights at the time of its initial public offering in 1996. Each
Redemption Right entitles the holder to surrender, during the months of
September 2000 and September 2001, one Redemption Right and one Share for a
redemption price of $12.75 net to the surrendering holder in cash, without
interest thereon, upon the terms and subject to the conditions set forth in the
enclosed Tender Offer and Rule 13e-3 Transaction Statement and in the Redemption
Right Certificate.
Enclosed for your information, and for forwarding to your clients for
whose accounts you hold Shares and Redemption Rights registered in your name or
in the name of your nominees, are copies of the following documents:
1. The Schedule TO dated August 30, 2000.
2. A form of letter that may be sent to your clients for whose accounts
you hold Shares and Redemption Rights registered in your name or in
the name of your nominees, with space provided for obtaining such
clients' instructions with regard to the Redemption Rights.
3. A return envelope addressed to American Stock Transfer & Trust
Company, Thermo Fibergen's transfer agent.
YOUR PROMPT ACTION IS REQUESTED. WE URGE YOU TO CONTACT YOUR CLIENTS AS
PROMPTLY AS POSSIBLE. PLEASE NOTE THAT THE REDEMPTION PERIOD AND WITHDRAWAL
RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON SATURDAY, SEPTEMBER 30,
2000.
Very truly yours,
Thermo Fibergen Inc.
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NOTHING CONTAINED HEREIN OR IN THE ENCLOSED DOCUMENTS SHALL CONSTITUTE
YOU OR ANY OTHER PERSON THE AGENT OF THERMO FIBERGEN INC. OR THE DEPOSITARY, OR
ANY AFFILIATE OF EITHER OF THEM, OR AUTHORIZE YOU OR ANY OTHER PERSON TO MAKE
ANY STATEMENT OR USE ANY DOCUMENT ON BEHALF OF EITHER OF THEM IN CONNECTION WITH
THE OFFER, OTHER THAN THE ENCLOSED DOCUMENTS AND THE STATEMENTS CONTAINED
THEREIN.
