Thermo Electron (TMO) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Thermo Electron (TMO)

TMO 567.84

+0.4%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Furry Otter who wrote (344)	5/5/1999 12:11:00 PM
From: Ray Dopkins	Read Replies (1) of 450

Thermo Electron To Buy Its Own And Its Subsidiaries' Securities WALTHAM, Mass., May 5 /PRNewswire/ -- Thermo Electron Corporation (NYSE: TMO) announced today that its board of directors has authorized the repurchase, through May 5, 2000, of up to $100 million of its own securities and those of its publicly held subsidiaries 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, maintaining the required ownership of such subsidiaries for accounting and/or tax consolidation purposes, and other corporate considerations. This new authorization is in addition to approximately $28 million that remains under a previous authorization that expires in February 2000, which also includes both Thermo Electron securities and those of its subsidiaries. Since January 1999, the company has spent approximately $102 million to repurchase its own and its subsidiaries' securities. These amounts do not include separate authorizations and repurchases directly by the company's majority-owned subsidiaries. newsalert.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next