Thermo BioAnalysis Corporation
Ticker: TBA 504 Airport Road
Exchange: American Stock Exchange Santa Fe, New Mexico 87504
Industry: Manufacturing (505) 471-3232

Type of Shares:Common Shares Filing Date:7/24/96
U.S. Shares:1,500,000 Offer Date:9/18/96
Non-U.S. Shares:0 Filing Range:$13.00 - $16.00
Primary Shares:1,500,000 Offer Price:$14.00
Secondary Shares:0 Gross Spread:$0.91
Offering Amount: $21,750,000 Selling:$0.50
Expenses:$1,000,000 Reallowance:$0.10
Shares Out After:9,601,500
Spin out parent firm: Thermo Electron Corporation

ManagerTierPhone
Natwest Securities LtdLead Manager (212) 602-4800
Lehman Brothers IncorporatedCo-manager (212) 640-6129
Smith Barney Inc.Co-manager (718) 921-8473

Auditor: Arthur Andersen
Audited
Income
Latest
Unaudited
Income
Prior
Unaudited
Income
Balance
Sheet
12/31/95 6/29/96 7/1/95 6/29/96
Revenue:$22.53$29.78$11.69Assets:$96.06
Net Income:$2.51-$2.68$1.31Liabilities:$69.60
EPS:$0.32-$0.33$0.18Equity:$26.47

Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year,
unaudited figures are partial year

Business Description
Thermo BioAnalysis designs, manufactures and markets instruments and information management systems for use in the biochemical research and production, as well as in clinical diagnostics. The company focuses on three principal product areas. 1) Instrumentation. The company markets a broad range of instruments and consumables based on proprietary immunoassay, optical biosensor, mass spectrometry and capillary electrophoresis technologies. 2) Information Management Systems. The company offers laboratory information management systems and chromatography data systems for use in laboratories and clinical testing facilities. The company's information management systems are designed to facilitate the monitoring and analysis of samples throughout the laboratory or clinical lifecycle. 3) Health Physics. The company markets radiation detection instrumentation and complete radiation monitoring systems for use in and around nuclear power plants and other facilities where radioactive materials are used.

Use of Proceeds
The proceeds from the proposed offering will be used for general corporate purposes including acquisitions.

Last updated: 10/28/96

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