Thermo Fisher to redeem $174.12 million convertible floaters due 2033

By Susanna Moon

Chicago, April 20 - Thermo Fisher Scientific Inc. said it plans to redeem all of the outstanding $174,117,000 principal amount floating-rate convertible senior debentures due 2033.

The company will pay par plus accrued interest to May 10, the redemption date.

Holders may convert the notes at any time prior to May 6 at a rate of 33.8409 common shares per $1,000 principal amount.

The Bank of New York Mellon (800 254-2826) is the trustee.

In a separate news release, Thermo Fisher said its board of directors has authorized a one-year program to repurchase $750 million common shares in the open market or in negotiated deals.

Thermo Fisher is based in Waltham, Mass., and specializes in high-end analytical instruments, laboratory equipment, software, services, consumables and reagents.

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