Randers Killam Group
to Merge with Thermo Electron
April 10, 2000
MUSKEGON, Mich., April 10 /PRNewswire/ -- The Randers Killam Group Inc. (AMEX:RGI) has
received clearance from the Securities and Exchange Commission of its proxy materials and
has set Monday, May 15, 2000, as the date for shareholders to vote on the proposal to
merge Randers Killam into its ultimate parent company, Thermo Electron Corporation
(NYSE:TMO). The special meeting will be held at 10 a.m., at Thermo Electron's corporate
office, 81 Wyman Street, Waltham, Massachusetts.
All those holding stock at the close of business on April 6, 2000 (the record date),
will be entitled to vote at the special meeting. Proxy materials relating to the meeting
will be mailed to shareholders shortly.
Under the proposed agreement, The Randers Killam Group minority shareholders will receive
$4.50 per share in cash in exchange for each share of company common stock held. The
company's common stock will then cease to be publicly traded, and The Randers Killam Group
will become a wholly owned subsidiary of Thermo Electron. Thermo Electron and Thermo
TerraTech Inc., which together control 96 percent of the company's common stock, intend to
vote all of their shares in favor of the merger agreement. Therefore, shareholder approval
of the merger agreement is assured.