>>(PR NEWSWIRE) Thermo Fibergen To Buy Its Own Securities
Thermo Fibergen To Buy Its Own Securities
BEDFORD, Mass., March 17 /PRNewswire/ -- Thermo Fibergen Inc. (Amex: TFG)
announced today that its board of directors has authorized the repurchase,
through March 16, 2000, of up to $5 million of its own securities in the open
market, or in negotiated transactions. The timing and amount of any
repurchases will be at the discretion of the company's management and will be
based on market conditions and other corporate considerations.
Thermo Fibergen Inc. designs, builds, owns, and operates fiber-recovery
and water-clarification plants to help pulp and paper mills close the loop in
their water and solids systems. The company cleans and recycles water and long
fiber to be reused in papermaking and converts the remaining solids into
commercial products. Thermo Fibergen is a public subsidiary of Thermo Fibertek
Inc. (Amex: TFT), a Thermo Electron company (NYSE: TMO). More information is
available on the Internet at thermo.com.
SOURCE Thermo Fibergen Inc.
-0- 03/17/99
/CONTACT: Investor: 781-622-1111 or Media: 781-622-1252 of Thermo
Electron/
/Company News On-Call: prnewswire.com or fax,
800-758-5804, ext. 877850/
/Web site: thermo.com
(TMO TFG TFT)
CO: Thermo Electron Corporation; Thermo Fibergen Inc.; Thermo Fibertek Inc.
ST: Massachusetts<< |
