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Article: The Boston Globe Boston Capital Column.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- April 3, 1998
CopyrightCOPYRIGHT 1998 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Steve Bailey and Steven Syre, The Boston Globe Knight Ridder/Tribune Business News
Apr. 3--Thermo Electron Corp., parent to a huge brood of corporate subsidiaries, spins out companies onto the stock market at the drop of a hat. But it isn't every day Thermo sells new shares of its own to the public.
A new offering of 6.5 million Thermo Electron shares expected Monday would raise about $276 million based on yesterday's closing price of 427/16. It will be the second-largest stock offering by a Massachusetts company this year, trailing only the huge January stock sale by Boston Properities Inc. that pulled in $702.5 million.
Thermo ...