news....
WASHINGTON, DC, Jun. 03, 1998 (States) -- Item 4. Purpose of
Transaction:ABReports that On 05-26-98, the Reporting Person, Thermo
Electron Corp., proposed to the Issuer, Brown & Sharpe
Manufacturing Co., an increase in the price per share that it would
consider paying for the outstanding Issuer
common shares in a merger. On 05-29-98, the Issuer responded that its
board of directors had considered and
rejected the revised proposal as grossly inadequate, and reaffirmed the
board's determination that the best means
for providing long-term value to the Issuer's shareholders is to
independently pursue its business plan rather than
to sell the Issuer. The Reporting Person believes that the Issuer's
position is not in the best interests of the Issuer's shareholders and,
in accordance with its intention stated in its letter dated 05-26-98,
and in Amendment No. 1 to this
Schedule 13D, plans to commence selling some or all of its shares. Item
7. Material to be Filed as Exhibits:
Letter. ISSUER: Brown & Sharpe Manufacturing Co. of North Kingstown,
RI SHARES OWNED: 743800 PERCENTAGE OWNED: 5.77 SEC DATE: 06/03/98
FILING DATE: 06/02/98 EVENT DATE: 05/29/98
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