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Thermo Fisher Scientific Inc.. (4/12/10). "Press Release: Thermo Fisher Scientific Provides Notice to Debenture Holders of Conversion Right and Contingent Interest Payment". Waltham, MA.

Organisation Organisation Thermo Fisher Scientific Inc. (NYSE: TMO)
  Group Thermo Fisher (Group)
Products Product laboratory equipment and instruments
  Product 2 finance
     


As required under the indenture covering Apogent Technologies Inc. Floating Rate Convertible Senior Debentures due 2033 (CUSIP No. 03760AAK7), Thermo Fisher Scientific Inc. (NYSE: TMO) is providing public notice to the holders of these bonds that they have the right to convert the debentures and to receive a contingent interest payment.

The debentures are convertible because Thermo Fisher stock traded above the minimum price specified in the indenture over the applicable measurement period. The debentures continue to be convertible until July 3, 2010, and may be convertible thereafter, depending on whether or not one of the conversion conditions specified in the indenture is satisfied during future measurement periods. If conversion requests are received, Thermo Fisher has the right to decide if settlement of the debentures will be paid in cash, or a combination of cash and shares of its common stock.

The contingent interest, for the current quarterly interest period ending June 15, 2010, is payable because the average trading price of these debentures was equal to 120% or more of the principal amount of the debentures for the relevant measurement period. The amount of contingent interest payable for the period is equal to 0.0625% of the average trading price of the debentures over the measurement period triggering the contingent interest payment. The contingent interest payout amount per 1,000 of principal is $1.0453.

Thermo Fisher Scientific assumed the Apogent Technologies debentures as part of its acquisition of Fisher Scientific International Inc. ("Fisher") in 2006. Fisher acquired Apogent in 2004. The Bank of New York Mellon is the trustee for the debentures. All questions relating to the mechanics of the conversion for the debentures should be directed to Leslie Lockhart at The Bank of New York Mellon, 412-236-1215.

About Thermo Fisher Scientific

Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science. Our mission is to enable our customers to make the world healthier, cleaner and safer. With revenues of more than $10 billion, we have approximately 35,000 employees and serve customers within pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions and government agencies, as well as in environmental and process control industries. We create value for our key stakeholders through two premier brands, Thermo Scientific and Fisher Scientific, which offer a unique combination of continuous technology development and the most convenient purchasing options. Our products and services help accelerate the pace of scientific discovery, and solve analytical challenges ranging from complex research to routine testing to field applications. Visit www.thermofisher.com.

Thermo Fisher Scientific Inc.
Media Contact Information:
Ron O'Brien, 781-622-1242
ron.obrien@thermofisher.com
www.thermofisher.com
or
Investor Contact Information:
Ken Apicerno, 781-622-1294
ken.apicerno@thermofisher.com


   
Record changed: 2016-03-19

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