Thermo Electron gets new $100 million buyback authorization

New York, July 22 - Thermo Electron Corp. said its board of directors authorized the company to buy back a further $100 million of its debt and equity securities in the open market.

The authorization runs through July 22, 2005. The Waltham, Mass., high-tech instrument company's previous $100 million program, authorized on Feb. 26, has been "substantially depleted," Thermo Electron said.

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