| Ticker: TOC | 8E Forge Parkway | |
| Exchange: American Stock Exchange | Franklin, Massachusetts 02038 | |
| Industry: Manufacturing | (508) 528-0551 |
| Type of Shares: | Common Shares | Filing Date: | 4/17/96 | |
| U.S. Shares: | 3,000,000 | Offer Date: | 6/7/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 3,000,000 | Offer Price: | $13.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.88 | |
| Offering Amount: | $39,000,000 | Selling: | $0.52 | |
| Expenses: | $611,000 | Reallowance: | $0.10 | |
| Shares Out After: | 48,000,000 | |||
| Spin out parent firm: | Thermo Electron Corporation | |||
| Manager | Tier | Phone |
| Natwest Securities Ltd | Lead Manager | (212) 602-4800 |
| Cazenove Inc. | Co-manager | (212) 747-1225 |
| Fahnestock & Co. Inc. | Co-manager | (212) 668-8000 |
| Lehman Brothers Incorporated | Co-manager | (212) 640-6129 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/30/96 | 4/1/95 | 3/30/96 | ||
| Revenue: | $212.15 | $69.67 | $50.86 | Assets: | $436.50 |
| Net Income: | $16.01 | $4.30 | $4.22 | Liabilities: | $248.58 |
| EPS: | $0.35 | $0.10 | $0.09 | Equity: | $187.92 |
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 development, manufacture and marketing of analytical instruments that utilize a range of optical spectroscopy techniques. These instruments are used in the quantitative and qualitative chemical analysis of elements and molecular compounds in a wide variety of solids, liquids and gases. The company's products are used by its customers for productivity enhancement, research and development, quality control and testing applications in the environmental testing, chemical, metallurgical, food and beverage, pharmaceutical and petroleum industries; and by forensic laboratories, research organizations and educational institutions. Industry sources estimate that the total worldwide market for the company's current optical spectroscopy instruments is approximately $2.0 billion and the company estimates that the market for optical components, systems and sub-assemblies addressed by its Thermo Vision subsidiary is approximately $11.0 billion. |
| Use of Proceeds |
| The proceeds from the offering will be used for general corporate purposes, including acquisitions. |
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