| Ticker: TSR | 501 90th Avenue N.W. | |
| Exchange: American Stock Exchange | Minneapolis, Minnesota | |
| Industry: Manufacturing | (612) 783-2500 |
| Type of Shares: | Common Shares | Filing Date: | 2/1/96 | |
| U.S. Shares: | 2,500,000 | Offer Date: | 3/27/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 2,500,000 | Offer Price: | $16.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.04 | |
| Offering Amount: | $37,500,000 | Selling: | $0.62 | |
| Expenses: | $700,000 | Reallowance: | $0.10 | |
| Shares Out After: | 9,500,000 | |||
| Spin out parent firm: | Thermo Electron Corporation | |||
| Manager | Tier | Phone |
| Natwest Securities Ltd | Lead Manager | (212) 602-4800 |
| Lehman Brothers Incorporated | Co-manager | (212) 640-6129 |
| Raymond James & Associates, Inc. | Co-manager | (813) 573-8108 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $67.47 | Assets: | $61.96 | ||
| Net Income: | $3.83 | Liabilities: | $27.27 | ||
| EPS: | $0.55 | Equity: | $34.69 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a worldwide leader in the design, development, manufacture and sale of high speed precision weighing and inspection equipment for industrial production and packaging lines. The company's products are used to ensure that packaged goods contain the designated quantity of materials, to monitor inventories, to optimize production processes and to certify quantities of goods in connection with the transfer of title. In addition, the company's products are used to detect unwanted metal in product packages and for other quality control purposes. The company serves two principal markets: packaged goods and bulk materials. The company's products for the packaged goods market include a broad line of checkweighing equipment and metal detectors that can be integrated at various stages in production lines. The company's checkweighing products weigh, classify and reject packages moving at high speeds with accuracy of +- 3 grams. Products in the company's bulk materials product line include a broad line of conveyor belt scales, solid level measurement and conveyor monitoring systems and sampling systems. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital, and other general corporate purposes including possible acquisitions. |
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