Thermo Electron authorizes further $100 million buybacks after using $72 million

New York, Dec. 12 - Thermo Electron Corp. said it has authorized a further $100 million of debt and equity securities repurchases after using up $72 million of the previous $100 million authorization, announced in November.

The Waltham, Mass. technology company said it has only $28 million remaining of its previous authorization.

Thermo Electron's additional $100 million repurchase program will run through Dec. 11, 2002 and covers debt and equity securities in either open market or negotiated transactions.

Thermo Electron had $165.535 million of senior convertible debt, $134.15 million of senior notes and $1.049 billion of subordinated notes outstanding as of Sept. 29, 2001, according to the company's most recent quarterly report filed with the Securities and Exchange Commission.

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