Thermo Fisher calls $329.23 million 3.25% convertibles due 2024

By Melissa Kory

Cleveland, Feb. 28 - Thermo Fisher Scientific Inc. announced that it will redeem its $329,229,000 of outstanding 3.25% convertible senior subordinated notes due 2024.

The notes will be redeemed on March 30 at par, plus accrued interest to the redemption date.

The notes are convertible at any time prior to March 29 at 24.8756 shares of common stock per $1,000 principal amount of the notes, or $40.20 per share. On Feb. 25, the company's stock closed at $55.56 per share.

Bank of New York Mellon is the trustee.

The scientific instruments company is based in Waltham, Mass.

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