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Technology Stocks : Thermo Instruments (THI) -- Ignore unavailable to you. Want to Upgrade?

To: a.m. fisher who wrote (122)	4/11/2000 6:56:00 PM
From: kinkblot	Read Replies (1) \| Respond to of 130

Hi, A.M. They're spinning it IN. Some of the public subsidiaries will be spun directly into Thermo Electron. Those in which Thermo Instrument or Thermedics have high ownership stakes will first be spun into THI or TMD, before those in turn are spun into TMO. The exchange ratio has been set at 0.85 TMO shares per THI share. Then, once all the spin-ins (and divestitures) have been completed, the equity interest in Thermo Fibertek and a new entity formed from the medical businesses will be distributed as dividends to Thermo Electron shareholders. Reorganization Update thermo.com The initial press release is still the best summary I could find: Thermo Electron Announces Major Reorganization Plan prnewswire.com I don't know what they intend to do with their interest in SPLI. <g> WT