SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report
(Date of earliest event reported):
November 28, 1995
________________________________________
THERMO ELECTRON CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware 1-8002 04-2209186
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification Number)
81 Wyman Street 02254-9046
Waltham, Massachusetts (Zip Code)
(Address of principal executive offices)
(617) 622-1000
(Registrant's telephone number
including area code)
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Item 5. Other Events
On November 28, 1995, Thermo Electron Corporation (the
"Company") issued a press release, attached hereto as Exhibit 99,
to announce that it had entered into an agreement to sell at par
$500 million principal amount of 4-1/4% convertible subordinated
debentures due 2003. The debentures will be convertible into
shares of the Company's common stock at a price of $56.70 per
share. The Company also announced that it had granted the managers
of the offering an over-allotment option to purchase up to an
additional $75 million principal amount of the debentures.
Subsequent to this announcement the Company agreed with the managers
to increase the size of the over-allotment option to $85 million
principal amount of debentures.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized, on
this 28th day of November, 1995.
THERMO ELECTRON CORPORATION
By: /s/ Paul F. Kelleher
--------------------
Paul F. Kelleher
Chief Accounting Officer
EXHIBIT 99
THERMO ELECTRON CORPORATION ANNOUNCES
CONVERTIBLE SUBORDINATED DEBENTURE OFFERING
WALTHAM, Mass., November 28, 1995 -- Thermo Electron Corporation
(NYSE-TMO) announced today that it has entered into an agreement
for the sale of $500 million principal amount of 4 1/4 percent
convertible subordinated debentures due 2003 at par. The
debentures will be convertible into shares of common stock at a
price of $56.70. The company has also granted to the managers of
the offering an over-allotment option to purchase an additional
$75 million principal amount of debentures.
THESE SECURITIES WILL NOT BE REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933 AND MAY NOT BE OFFERED OR SOLD IN
THE UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION
FROM THE REGISTRATION REQUIREMENTS OF SUCH ACT.
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