Thermo Optek to spin out Thermo Vision
Taking its subsidiary public, Thermo Optek Corp. (Franklin, MA) has filed an initial public offering (IPO) of 1,075,000 shares for Thermo Vision Corp. (Franklin, MA). Thermo Vision`s products include optical components and systems and subassemblies for analytical instrumentation. The IPO price was estimated to be between $8 and $10/share. The company will be a majority-owned public subsidiary of Thermo Instrument Systems Inc. (Hurst, TX) and will be listed on the American Stock Exchange. Thermo Optek shareholders of record on the record date (December 10, 1997) will receive a tax-free dividend of 14 shares of Thermo Vision common stock for every 100 shares of Thermo Optek common stock held.