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Financing › Details

Nicolet Instrument–Thermo Electron: investment, 199207 acquisition of Nicolet Instrument Corp by Thermo Instrument Systems Inc

 

	Period	1992-07-13
	Region	Madison, WI
	Country	United States (USA)
	Money taker	Nicolet Instrument Corporation
	Today	Thermo Fisher Scientific Inc., Madison
	Group	Thermo Fisher (Group)
	Money source	Thermo Instrument Systems Inc.
	Today	Thermo Fisher Scientific Inc. (NYSE: TMO)
	Group	Thermo Fisher (Group)
	Product	analytical instrument
	Product 2	laboratory equipment and instruments

Thermo Electron Corporation. (7/13/92). "Press Release: Thermo Instrument to Acquire Nicolet Instrument Corporation". Waltham, MA.

Thermo Instrument Systems Inc. (AMEX: THI) announced today that it has offered to acquire Nicolet Instrument Corporation (NYSE: NIC) and has been informed that NicoletUs Board of Directors has accepted the offer. Under the proposed terms, Thermo Instrument would acquire Nicolet for $21 in cash for each share of Nicolet's outstanding common stock. Consummation of the proposed acquisition is subject to certain customary conditions, including the execution of a definitive acquisition agreement and receipt of regulatory approvals.

Nicolet Instrument Corporation designs, manufactures, and markets instrumentation for a broad range of analytical chemistry, neuro-diagnostic, biomedical, and electronic engineering applications in science and industry. The company's headquarters are located in Madison, Wis. Nicolet's revenues for fiscal year 1992 were approximately $140 million.

Thermo Instrument Systems develops, manufactures, and markets analytical instruments used to detect and monitor air pollution, radioactivity, complex chemical compounds, and toxic metals and other elements in a broad range of liquids and solids. The company also provides environmental science and engineering services, laboratory-based testing, and nuclear health physics services. Thermo Instrument Systems is a public subsidiary of Thermo Electron Corporation (NYSE: TMO).

CONTACT: John N. Hatsopoulos of Thermo Electron, 617-622-1111

Record changed: 2011-11-25

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