THERMO ELECTRON'S $24.50-PER-SHARE BID FOR P-B IS "BEST OFFER,"
This article was originally published in The Gray Sheet
Executive Summary
THERMO ELECTRON'S $24.50-PER-SHARE BID FOR P-B IS "BEST OFFER," Thermo Electron Chairman and President George Hatsopoulos said during a Nov. 9 teleconference. While indicating that he would be willing to consider the reasons why Puritan-Bennett believes that offer is too low, Hatsopoulos maintained that based on information currently available to him, the offer is "more than adequate," and he urged P-B shareholders to tender their shares.